Reserve Bank of India (RBI) has directed all banks to stop disbursing ₹500 notes through ATMs by 30 September 2025.

Original review summary

The review says the RBI did not direct banks to stop dispensing ₹500 notes through ATMs. It says the RBI instead instructed banks and White Label ATM Operators to configure 75% of ATMs to dispense ₹100 or ₹200 notes from at least one cassette by 30 September 2025, with the target rising to 90% by 31 March 2026.[S1]