RBI has no plans to withdraw paper currency by 30 June, government clarifies

The government on India dismissed late on Tuesday social media reports that have been claiming that the Reserve Bank of India is planning to withdraw paper currency and replace them with plastic notes by 30 June.

The clarification was issued by the central government after several messages started floating across social media platforms, which triggered concerns among citizens regarding the status of their legal tender. News agency ANI spoke to official sources who assured that no such directive has been issued by the central bank and the existing paper currency will continue to remain in circulation in the country.

The Press Information Bureau (PIB) also issued a fact-check on its website and social media handles, wherein it clarified that these rumours are baseless. The PIB urged citizens to not panic and to avoid spreading such unverified rumours.