Paper Currency Will Stay, Government Says, Dismissing Plastic Note Rumour
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