Centre has dismissed viral social media messages urging citizens to rely only on official sources
The Government of India has dismissed viral social media claims suggesting that the Reserve Bank of India (RBI) plans to withdraw all paper currency notes and replace them with plastic notes by June 30, 2026.
The clarification came after several messages circulating across social media and messaging platforms triggered confusion among the public regarding the future of paper currency in the country.
The Press Information Bureau’s (PIB) Fact Check unit categorically termed the claim false and urged citizens not to believe or share unverified information related to the nation’s financial system.
In a post on X, PIB Fact Check stated, “Several social media posts are falsely claiming that RBI will withdraw paper currency notes and replace them with plastic currency notes from June 30, 2026.”
The government’s fact-checking agency further clarified that the Reserve Bank of India has not announced any such move and that existing currency notes will continue to remain valid and in circulation.
“This claim is Fake,” the PIB Fact Check post said.
According to the agency, the RBI has not initiated any plan to replace paper currency with synthetic or plastic alternatives by the end of June.
“According to RBI, there are no plans to withdraw paper currency notes or replace them with plastic currency notes by June 30, 2026,” the post added.
Authorities warned that misinformation concerning currency changes can create unnecessary panic among citizens, traders and businesses. They advised people to verify financial information through official channels before forwarding it on social media or messaging applications.
The government also urged the public to refer only to official RBI communications for updates related to currency, banking regulations and monetary policy.
Reiterating the importance of fact-checking, the PIB advised citizens to verify information through trusted sources to prevent the spread of misleading claims and rumours.
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