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Economy

No plans to stop supply of ₹500 notes: MoS Finance

Indian currency of ₹500, ₹100 and ₹200 denomination will continue to be disbursed, said the Minister of State for Finance, Pankaj Chaudhary, in the Parliament on Tuesday

News Arena Network - New Delhi - UPDATED: August 5, 2025, 08:02 PM - 2 min read

Debunking news that currency of ₹500 denomination may soon be out of circulation, the Minister of State for Finance, Pankaj Chaudhary informed the Parliament on Tuesday that banks and ATMs will continue disbursing ₹500, ₹100 and ₹200 denomination banknotes


Debunking news that currency of ₹500 denomination may soon be out of circulation, the Minister of State for Finance, Pankaj Chaudhary informed the Parliament on Tuesday that banks and ATMs will continue disbursing ₹500, ₹100 and ₹200 denomination banknotes.


The Reserve Bank of India (RBI) also issued a circular, titled, ‘Dispensation of ₹100 and ₹200 denomination banknotes through ATMs’, on April 28, 2025, that directed all banks and White Label ATM Operators (WLAOs) to ensure that their ATMs dispense ₹100 and ₹200 denomination banknotes on a regular basis, Chaudhary said.


In a written response to the Rajya Sabha, the minister said that as per the milestones set by the RBI, 75 per cent of all ATMs would dispense either ₹100 or ₹200 denomination banknotes from at least one cassette by September 30, 2025.
By March 31, 2026, 90 per cent of all ATMs would dispense either ₹100 or ₹200 denomination banknotes from at least one cassette, he further informed.

 

Also Read: Undisclosed income worth ₹30,444-cr detected in FY25: I-T dept


Chaudhary also said the Securities and Exchange Board of India (Sebi) had taken up 76 cases during the period from April 2020 to March 2025 or the last five financial years and received ₹949.43 crore from disgorgement in the last financial year.


Disgorgement refers to the act of compelling a person or entity to surrender any ill-gotten gains obtained through illegal or unethical practices in the securities market.


"Fraud and cheating are punishable offences as per Indian laws. Several central government, enforcement, and regulatory agencies have been taking action to prevent, detect, and act against investment related frauds," Chaudhary said.


Meanwhile, the Central Board of Direct Taxes (CBDT) had identified nine cases relating to multi-level marketing (MLM) scams in the last five years, he added.


From January 1, 2020 to July 30, 2025, the Directorate of Enforcement had investigated around 220 cases for offences of money-laundering under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA), related to investment-related frauds.


While crypto assets are currently not regulated in India, the RBI-SACHET portal receives complaints pertaining to unauthorised deposit-taking activities from unregistered/unincorporated entities, he informed.


Between April 1, 2020 and March 31, 2025, approximately 3,454 complaints had been received on the SACHET Portal pertaining to "non-repayment of money collected from various kinds of investment schemes", and 1,531 complaints had been received pertaining to collection of money through MLM, direct selling, and ponzi schemes, based on complaint categories selected by complainants, he said.

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