₹ 500 notes closed? RBI’s new instructions created a stir! Know the truth ₹ 500 Currency Note Ban Rumor RBI Alert – StudyToper

Nowadays, a news is becoming very fast on social media that Reserve Bank of India (RBI) is going to shut down a 500 rupee note. This news has spread a lot of concern and rumor among the common people. Many people are wondering whether 500 notes are really going to be closed? Should we get 500 notes kept with us? It is necessary for everyone to know the answers to these questions, because incidents like demonetisation have already happened in the country.

Due to this viral news, there has been a stir in the market as well. Shopkeepers, traders and general public are all upset that a situation like demonetisation does not happen again. Many people are going to the bank and asking whether 500 notes are being closed? In this article, we will tell you what is the real instruction of RBI, how much truth is there in viral news, and what you should do with the 500 note.

Reserve Bank of India: 500 rupee note ban truth

The news of RBI’s 500 rupee note being shut down is going viral on social media, but its reality is something else.

What was said in viral post?

• A post is going viral on social media, stating that RBI has ordered banks that only 100 and 200 rupee notes should be extracted by September in 75% ATMS and 90% in ATMS by March next year.
• The post also claimed that 500 notes are being shut down gradually.
• There is also a screenshot in this post in which RBI’s order is said.

What are RBI’s real instructions?

• RBI has advised banks to increase the availability of 100 and 200 rupee notes in its ATMS.
• Its aim is that small shopkeepers and common people can get holiday money easily.
• Many times, people have difficulty in giving holiday money when 500 or 2000 notes are received, so the need for small notes has increased.
• There is nothing to discontinue 500 notes in any circular or notice of RBI.

500 rupee note: rumor or truth?

Are 500 notes being closed?

• No, 500 notes are not closing.
• The RBI has clearly stated that 500 notes are completely valid and will continue to run.
• What has been claimed in the viral post is completely wrong and misleading.

What is the real purpose of RBI?

• RBI wants people to get small notes easily.
• Small shopkeepers, auto rickshaws, vegetables etc. require holiday money.
• Therefore, banks have been asked to keep 100 and 200 notes more in ATMS.

How to avoid rumors?

• Do not accept any news on social media without checking.
• Take information from RBI’s website or government channels only.
• Beware of those who spread rumors.

Important questions and answers related to 500 rupee note

Q1. Has RBI ordered to discontinue 500 notes?
No, RBI has not given any such order. 500 notes will be in trend as before.

Q2. Will ATMS stop getting 500 notes?
No, 500 notes will also be found in ATMS. Just the number of small notes will be increased so that people can get holiday money.

Q3. Is there any danger in keeping 500 notes?
Of course, you can keep 500 notes with you. These are completely valid.

Q4. Has RBI issued new 500 notes?
Yes, RBI periodically issues new 500 notes, but old notes also remain valid.

500 Rupee Note Ban Viral News: Why rumors spread?

• Since the demonetisation in 2016, people have become more sensitive about the news related to any note.
• Any news on social media quickly goes viral, whether it is right or wrong.
• This time too, a fake post spread confusion among the people that 500 notes are being closed.

Causes of rumor

• RBI’s instructions were only about increasing the availability of small notes.
• Some people introduced it incorrectly and said that 500 notes were being closed.
• Many people started sharing posts without checking.

RBI policy regarding 500 note

• The RBI periodically issues instructions regarding the availability and trend of notes.
• 500 notes are one of the most used notes in the country.
• Increasing the availability of small notes does not mean that big notes will be discontinued.

RBI’s new notes and their information

Viral news and their truth on social media

• Not every news that goes viral on social media is correct.
• Many times rumors are deliberately spread so that fear and nervousness spread among the people.
• Do not trust any news until there is an official announcement by the RBI or the government.

500 Rupee Note Ban: What to do?

• Do not panic about the 500 note kept with you.
• 500 notes from bank or ATM will not stop.
• Changes are being made in banks and ATMs according to the need of small notes.
• Do not share any rumor further.

General public’s response to 500 note

• Many people are going to the bank and asking whether 500 notes are not being closed.
• Traders and shopkeepers are also worried that a situation like demonetisation does not happen again.
• RBI has made it clear that 500 notes are completely valid.

500 Rupee Note Ban: Bullet Points

• The news of the closure of 500 notes is just a rumor.
• RBI has asked to increase the availability of small notes only.
• 500 notes will be in trend as before.
• The news going viral on social media is false.
• There has been no official announcement from the RBI or the government.
• 500 notes kept with you are safe.
• Avoid rumors and trust the correct information only.

Important facts related to 500 rupee note

conclusion

The news of RBI’s 500 rupee note being shut down is completely false and misleading. RBI has advised banks only to increase the availability of small notes, so that common people can get holiday money easily. 500 notes are completely valid and will remain in trend. Do not trust the news going viral on social media and avoid rumors.

Disclaimer:
This article is only for information. The news of the closure of 500 rupee notes is completely fake. There has been no such announcement by the RBI or the government. Please do not trust social media rumors and use only official channels for correct information.