Will Rs 500 Notes Face The Axe Again? All Eyes On Centre's Next Move

2025-06-01 08:09:32

(MENAFN- AsiaNet News) The central government is rumored to be considering removing 500 rupee notes from circulation to combat corruption and boost digital transactions.

Ajay Joseph | Published : Jun 01 2025, 05:27 PM1 Min readShare this Photo Gallery

FB
TW
Linkdin
Whatsapp
Follow Us

Image Credit : our ownWill 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.

24Image Credit : our ownRs 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.

Related Articles
Tier 2 cities see fewer home sales, but higher value in Q1 2025: Report
Penny stocks on the rise: What global investors are buying in 2025 34Image Credit : our ownRequest 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.

44Image Credit : our ownAndhra 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.

Indian Economy Business

MENAFN04062025007385015968ID1109621675

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.