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New Delhi, June 12, 2026, 17:31 (IST) Indian officials are challenging rumors about the future of paper banknotes, after social media posts claimed the Reserve Bank of India would phase out paper notes for plastic ones by June 30, 2026. PIB Fact Check, a government fact-checking team, called the reports fake. The RBI has no plans to withdraw paper notes or switch to plastic, the unit said. (X (formerly Twitter)) Posts and videos claimed that ₹100, ₹50, ₹20, and ₹10 notes might be replaced, which caused confusion. Some people even stopped taking older or shabby notes after the rumour picked

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