New Delhi, Aug. 5 -- The government has no plans to discontinue the supply of Rs.500 denomination banknotes and ATMs will continue to disburse Rs.500 alongside Rs.100 or Rs.200 notes, Minister of State for Finance Pankaj Chaudhary informed Parliament on Tuesday.
Additionally, the Reserve Bank of India (RBI) in a circular titled 'Dispensation of Rs.100 and Rs.200 denomination banknotes through ATMs' issued on April 28, 2025, directed banks and ATM operators to ensure their machines are regularly disbursing Rs.100 and Rs.200 notes.
In a written response to the Rajya Sabha, the minister said that the RBI has directed the disbursal of more lower denomination notes to enhance public access to frequently used denominations of banknotes.
He a...
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