The Central government, through its Press Information Bureau (PIB) Fact Check unit, has debunked viral social media claims that the Reserve Bank of India (RBI) will stop circulating Rs 500 notes from ATMs by March 2026. Officials stated that no such announcement has been made by the RBI and that Rs 500 notes remain legal tender. This is not the first time such rumors have circulated, with previous claims in August and June also being refuted by authorities. Citizens are urged to verify financial information with official sources.