Govt Debunks Viral Claim on Withdrawal of Paper Currency
PIB Says RBI Has Issued No Directive to Replace Paper Notes with Plastic Currency by June 30
- Government dismisses viral claims of paper currency withdrawal.
- PIB Fact Check labels social media reports as fake.
- RBI says no plan exists to replace paper notes by June 30, 2026.
- Citizens advised to rely only on official RBI communications.
GG News Bureau
New Delhi, 10th June: The Government of India has dismissed viral social media claims alleging that the Reserve Bank of India (RBI) will withdraw all paper currency notes and replace them with plastic currency by June 30, 2026.
The clarification came after several posts circulated widely across social media and messaging platforms, creating confusion among citizens regarding the validity of existing currency notes.
The Press Information Bureau’s Fact Check unit categorically termed the claim false and urged people not to believe or share unverified information.
In a post on X, PIB Fact Check said, “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.”
Declaring the reports fake, the agency clarified that the central bank has issued no such notification and that India’s existing paper currency system remains unchanged.
“This claim is Fake,” the PIB Fact Check post stated.
The fact-checking unit further quoted the Reserve Bank of India, saying there are currently no plans to withdraw paper currency notes or introduce a mandatory transition to plastic notes by the end of this month.
“According to RBI, there are no plans to withdraw paper currency notes or plastic currency notes by June 30, 2026,” the post added.
Government officials cautioned that rumours related to currency withdrawal can trigger unnecessary panic among traders, businesses and the general public. They advised citizens to verify sensitive financial information through official channels before sharing it on social media or messaging applications.
The PIB urged people to rely only on authentic sources for updates related to banking and currency matters.
“For authentic information, always refer to the official RBI website,” the fact-check unit said.
The government also reiterated the importance of fact-checking online content as misinformation continues to spread rapidly across digital platforms.
Authorities have appealed to citizens to remain vigilant and verify all financial advisories through official government and RBI communications before acting on them.
