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These days, a very sensational news is going viral on social media regarding Indian currency and notes, which has shocked the general public as well as businessmen. It is being claimed on various platforms of internet media that the Reserve Bank of India (RBI) is going to completely stop all the paper notes circulating in the country from June 30, 2026 and in their place only new plastic notes (Polymer Notes) will be valid. As soon as this rumor spread, an atmosphere of confusion and panic started forming in the market, in view of which the Central Government and RBI themselves have come forward and completely clarified the situation on this entire matter. The government has completely rejected this viral claim and termed it completely fake and misleading.
PIB Fact Check exposed the claims of social media, declared the viral post completely fake
As soon as this rumor gained momentum, the official fact check wing of the government i.e. Press Information Bureau (PIB Fact Check) immediately came into action mode and investigated this news. PIB Fact Check issued an official statement on social media platform PIB clarified that no such decision has been taken by the Central Government or the Reserve Bank and the claims being made on social media are completely fabricated.
The existing paper currency will remain valid in the market, RBI has not issued any new instructions.
According to the report of Digital Desk, the Finance Ministry of the Central Government and the Reserve Bank of India have assured the citizens of the country and clarified that no new circular or instruction has been issued by the Central Bank regarding the change in currency notes. The paper notes of all the denominations currently in circulation in the country are completely legal tender and will continue to be in circulation without any restriction in the future also. The government has appealed to the people not to be a part of any such misleading news nor to create panic in the market by sharing such rumors further.
To avoid rumours, always take the help of official sources, this is how to identify the correct guidelines of the Central Bank.
Banking and currency experts say that whenever there is any major change related to demonetization or currency in a big country like India, it is announced in a very official and confidential manner, and not through social media posts. The Reserve Bank has advised the general public to always rely on the information provided on the official website of RBI (rbi.org.in) or their certified social media handles to verify the authenticity of any sensitive information related to Indian currency or banking regulations. Blindly trusting any unknown and unsourced news can prove to be financially harmful.
