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Is RBI replacing paper notes with plastic currency? What fact check reveals

Posted on: Jun 10, 2026 09:50 IST | Posted by: Hindustantimes
Is RBI replacing paper notes with plastic currency? What fact check reveals
PIB Fact check out on midweek debunked societal media claims that RBI is preparation to draw off paper currency notes and replace them with plastic currency notes by June 30, 2026.In a post on X, the fact checking unit termed the claims as “false.” Quoting RBI, PIB clarified that there are no plans to withdraw paper currency notes or replace them with plastic currency notes by June 30, 2026.“According to @RBI, there are no plans to withdraw paper currency notes or replace them with plastic currency notes by June 30, 2026,” it said in its post.The video posted by the fact-checking unit purportedly shows ₹100, ₹20, ₹50, and ₹10 currency notes, along with a Hindi caption and what appears to be a speech by Prime Minister Narendra Modi in the background, claiming the same.PIB said that the video was “digitally altered.” PIB urged the public to rely only on the official RBI website for authentic information and avoid sharing unverified claims circulating on social media. It further asked to always “verify” information before sharing.The unit further appealed to users to report suspicious content related to the Government of India to @PIBFactCheck.

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