Indian Government Denies Rumors of Paper Currency Replacement With Plastic Notes
The Indian government and Reserve Bank of India (RBI) have officially denied viral social media claims that paper currency will be withdrawn and replaced with plastic notes by June 30, 2026. The Press Information Bureau (PIB) flagged the circulating messages as completely false, confirming the RBI has issued no such directive. The denial comes as authorities warn citizens against spreading unverified financial rumors that can cause unnecessary panic.
Multiple social media posts claiming the RBI would withdraw all paper currency and replace it with plastic notes by the end of June 2026 prompted an official government response. The Press Information Bureau explicitly labeled these claims as fake, stating that the RBI maintains its current currency structure with no plans for such a transition. Official sources confirmed that existing paper currency will continue to circulate normally. Authorities emphasized that misinformation about currency withdrawal historically triggers confusion and anxiety among citizens and traders. The government advised the public to verify sensitive financial information only through official channels, particularly the RBI's website, and to exercise caution before sharing unverified claims on messaging applications.
What different sources said
- NDTVCenter
Government Denies Plans To Replace Paper Currency With Plastic From June 30
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