Rs 2000 notes ATMs not dispensing only 100 200 500 notes available claim vs truth fact check

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FACT CHECK: Won’t ATMs dispense ₹2000 notes anymore?

Ever since ₹2000 notes got here into circulation in India, a number of claims have been galore. ATMs ceasing to dispense ₹2000 notes is the commonest claim that rises from the useless once in a while. About two months in the past, comparable claims had surfaced. However, the federal government has been debunking such studies.

THE CLAIM

An article claimed that ATMs would no extra dispense₹2000 notes because the Reserve Bank of India (RBI) has stopped the circulation. It additional stated that only ₹100, ₹200 and ₹500 notes are being allowed in circulation.

“Now ATMs would not dispense Rs 2000 notes. Reserve Bank of India has ceased circulation for now. The Central Bank has removed the caliber from its 58 ATM machines. Other banks too say that only Rs 100, Rs 200 and Rs 500 notes are being loaded,” the claim learn. But how true is it? 

THE TRUTH

The Fact Check wing of the Press Information Bureau (PIB), nevertheless, rejected these claims. It stated that the Reserve Bank of India (RBI) has not ceased circulation of ₹2000 notes. It additional termed the claim “fake”.

Earlier, Minister of State for Finance Anurag Thakur had stated printing of financial institution notes of explicit denomination is determined by the federal government with the RBI to take care of desired denomination combine for facilitating transactional demand of public. “There is no decision to discontinue the printing of ₹2000 denomination notes,” he had stated in September this 12 months. 

Thakur had additionally knowledgeable that as on March 31, 2020, there have been 27,398 lakh items of Rs 2,000 notes in circulation in comparison with 32,910 lakh items on March 31, 2019. He additional stated the RBI has knowledgeable that in view of nation-wide lockdown resulting from COVID-19 pandemic, printing of notes stopped quickly. However, the observe printing presses resumed manufacturing in a phased method, as per the rules issued by Central/State Government, he added.

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