Overview
- PIB Fact Check on Wednesday debunked social media claims that the Reserve Bank of India planned to withdraw paper currency and replace it with plastic notes by June 30, 2026.
- PIB identified the viral video showing banknotes and an audio clip tied to the prime minister as digitally altered and explicitly labelled the circulating claim as “Fake.”
- Official sources quoted by PIB confirmed the RBI has issued no directive and that existing paper notes remain legal tender and in circulation.
- Authorities warned that such false posts can unsettle traders and the public and asked users to verify financial news at rbi.org.in and to report suspicious content to PIB Fact Check.
- Discussions about polymer (plastic) banknotes — which are more durable and harder to counterfeit — have appeared in media and online but remain speculative with no formal RBI decision announced.