Centre Govt 'No plans to stop Rs 500 notes in ATMs'

Centre government on Tuesday clarified that there is no proposal to stop the supply of Rs 500 banknotes, and ATMs must continue disbursing Rs 500 alongside Rs 100 and Rs 200.

Minister of State for Finance, Pankaj Chaudhary, told the Rajya Sabha, in a written reply, that the printing of banknotes of a particular denomination is decided by centre government in consultation with RBI to maintain the desired denomination mix for facilitating the transactional demands of public.

“The RBI has informed that as part of their endeavour to enhance public access to frequently used denominations of banknotes, a circular titled ‘Dispensation of Rs 100 and Rs 200 Denomination Banknotes through



ATMs’ has been issued on April 28, 2025, directing all banks to ensure that their ATMs dispense Rs 100 and Rs 200 denomination banknotes on a regular basis,” the Minister said.

Around 75 per cent of all ATMs shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette by September 30. “Moreover, about 90 per cent of all ATMs shall dispense either Rs 100 or Rs 200 denomination banknotes from at least one cassette by March 31, 2026,” the Minister added.

On Sunday, the centre government termed “untrue” a WhatsApp message that claimed the RBI had ordered banks to cease issuing Rs 500 notes via ATMs by September 30, saying no such instruction has been issued.