New Delhi. The Reserve Bank of India (RBI) and the Press Information Bureau (PIB) have clarified the claim currently circulating on social media regarding plastic currency. A viral video claimed that paper currency would be phased out in India by June 30, 2026, and plastic notes would be issued, gradually eliminating old currency.

The video also claimed that Rs 100, 50, 20 and 10 notes would be exchanged, and the alleged voice of Prime Minister Narendra Modi was also used.

However, the government has clarified that these claims are completely misleading and false. According to PIB Fact Check, the RBI has clarified that there are currently no plans to phase out paper notes or replace them with plastic currency.