Rs 2000 Notes Are NOT Being Retired; You Can Still Withdraw From ATM (Fact Check)

• Contrary to the claims, RBI has not stopped printing Rs 2000 notes.
• PIB dismisses the fake news circulated on the internet earlier.

A couple of days back we posted an article about ATMs not dispensing Rs 2000 notes and the probable stoppage of the big purple notes by the government.

Turns out that the news was not true since an official statement has been passed on the same. We took reference of the news from a source that we found reliable. Since we now know that the news was false, we want you to know the truth.

Who dismissed the news?

After the news of the Reserve Bank Of India (RBI) stopping the supply of Rs 2000 notes made rounds on social media platforms all over the internet, PIB looked into the matter to check the facts.

The government agency promulgating the information related to government policies to print and electronic media, Press Information Bureau (PIB), dismissed the news and established that the central bank is not up to any such thing.

A lot of misinformation and fake news has flooded social media ever since the coronavirus pandemic hit India. In the age of the Internet and social media, it has become very important to know what is correct and what is fake.

Dissolving the claims, PIB posted on Twitter:

“It is being claimed in a news article that the Reserve Bank of India has stopped the supply of 2000 rupee notes due to which only 100, 200 and 500 rupee notes can be withdrawn from ATMs. #PIBFactcheck : This claim is fake. @RBI has not stopped the supply of 2000 notes,”

What the government had to say?

This is not the first time that the central government has clarified this claim. It has been firm on its statement that no decision on stopping Rs 2,000 banknotes has been taken, and state-owned SBI and Indian Bank are just reconfiguring ATMs for Rs 500 and Rs 200 notes.

When asked about the issue, Minister of State for Finance Anurag Singh had said, “No indent was placed with the presses for printing of Rs 2,000 denomination notes for 2019-20. However, there is no decision to discontinue the printing of Rs 2,000 banknotes.” in a written reply in Lok Sabha.

 With the increase in usage of social media to spread important news, the circulation of misinformation has also escalated. We have always strived to provide the most authentic details. Hence in this case we feel obliged to unmask the truth in front of you.