Will Rs 500 notes face the axe again? All eyes on Centre's next move
The central government is rumored to be considering removing 500 rupee notes from circulation to combat corruption and boost digital transactions.
| Published : Jun 01 2025, 05:27 PM
1 Min read
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 "Will Rs 500 Notes Be Cancelled?")
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Will Rs 500 Notes Be Cancelled?
The central government may soon decide on the fate of the Rs 500 note. It's rumored they might remove it from circulation.
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Rs 500 Note Ban
The Reserve Bank of India recently announced that all banks and white-label ATM operators must stock Rs 100 and Rs 200 notes in their ATMs. By September 30, 2025, 75% of ATMs in the country must have Rs 100 and Rs 200 notes.
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Request to the Central Government
There's been a recent call to demonetize the Rs 500 note. It's argued that banning Rs 500 and Rs 2000 notes is necessary to eliminate corruption, promote digital transactions, and reduce cash flow.
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Andhra Pradesh CM Chandrababu Naidu
The central government might decide to demonetize the Rs 500 note. Andhra Pradesh CM Chandrababu Naidu recently urged the central government to do so. We'll have to wait and see what they decide.
