The government does not plan to interrupt the offer £500 Banknotes and ATMs will continue to pay off £500 beside £100 or £200 notes, the State Finance Minister Panka Chaudhary informed Parliament on Tuesday.
Indian Reserve Bank (RBI) In addition in a circular called “Dispensing £100 and £200 banks marking through ATMs issued on April 28, 2025 ordered banks and operators to ensure that their machines regularly pay off £100 and £200 notes.
ATMs that issue more notes on lower denomination
In a written response to Rajya Sabha, the Minister said RBI ordered the payment of lower note remarks to increase the public access to the frequently used banknote designation.
He also mentioned the timeline set by RBI for this initiative:
- Within September 30, 2025, 75 percent of all ATMs would be issued £100 or £200 Banknotes from at least one cartridge.
- By March 31, 2026, this number will increase by 90 percent because all ATMs will continue to issue £100 or £200 Banknotes from at least one cartridge.
Mos reacts to investment fraud
Chaudhary answered another question and stated that the Indian Securities and Stock Exchange Council (SEBI) actively monitors about 76 cases between April 2020 to March 2025.
During the last financial year he received Sebi £949.43 Crore of Discorgement, which concerns the crime of a legally binding person or entity to surrender illegal profits obtained by unethical practices in the securities market.
“Fraud and cheating are crimes under Indian laws. Several central government, enforcement and regulatory agencies have taken measures to prevent, detect and negotiate against investment fraud,” he said.
Other government agencies also participate in the fight against financial crime, including:
- In the last five years, the Central Council of Direct Taxes (CBDT) has identified nine cases of fraud with multiple marketing levels (MLM).
- The Directorate for recovery (ED) investigated approximately 220 cases of money washing that concerned investment fraud within PMLA from January 2020 to July 2025.
Crypto assets are currently not regulated in India, adding that the RBI-Sachet portal will receive several complaints about unauthorized activities that take deposits from unregistered entities.
He also mentioned several data on the number of complaints received so far. From April 1, 2020 to 31. March 2025, the portal received approximately 3,454 complaints related to “non -pyyment of money collected from different types of investment systems”.
Another 1,531 complaints were received related to the collection of money through MLM programs, direct sales and ponzi.
(Tagstotranslate) 500 rupees Note
