A viral WhatsApp advisory falsely claimed that the central bank warned of an impending shortage of small-denomination bills during the festive period. PIB Fact Check clarified on X that no such operational reduction has been authorized for Rs 10, Rs 20, or Rs 50 notes. To deceive recipients, the fabricated document mimicked official communications by featuring the Reserve Bank of India's name, logo, a fake press release number, and the Governor's signature, alongside an erroneous future date of October 27, 2026. Authorities advised the public to rely exclusively on official portals and verified social channels to prevent the spread of unwarranted panic.
Key points
Citizens are urged to check official Reserve Bank of India channels before sharing unveri…: Citizens are urged to check official Reserve Bank of India channels before sharing unverified claims about banking operations.
The viral document falsely claimed a reduction in physical currency printing was intended…: The viral document falsely claimed a reduction in physical currency printing was intended to force a transition to digital payments.
Reliance on verified updates from government agencies prevents the spread of rumors that…: Reliance on verified updates from government agencies prevents the spread of rumors that trigger artificial panic over cash availability.
Sources checked by our analysis pipeline: 1
Fake RBI circular on small-denomination notes: What does the viral message claim?
The message being shared online features a purported RBI circular dated October 27, 2026, titled 'Important Advisory on Availability of Small Denomination Notes during Diwali'.It claims that the supply of new Rs 10, Rs 20 and Rs 50 notes could be inadequate during the festive season. The fabricated advisory also suggests that the printing of small-denomination notes is being gradually reduced as part of a move towards a less-cash economy.
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It further encourages people to use digital payment options such as UPI, cards and net banking instead of relying on cash.
The message also carries the RBI name and logo, along with a purported press release number and the signature of the Governor, making it appear like an official communication.
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