The Government of India has officially debunked circulating social media claims stating that the Reserve Bank of India (RBI) plans to phase out paper currency and replace it entirely with plastic notes by June 30, 2026. The Press Information Bureau (PIB) Fact Check unit has designated these widespread rumors as 'Fake,' emphasizing that no such directive has been issued by the central bank.
Authorities are urging the public to exercise extreme caution and to solely rely on official communications from the RBI and government channels for accurate information regarding currency matters. The spread of such misinformation can lead to unnecessary public anxiety and confusion. Citizens are advised to verify all financial and policy-related news before sharing it further.
