New Rs 10, Rs 20 & Rs 50 notes to run short before Diwali? PIB Fact Check debunks viral RBI circular

A message claiming that small-denomination currency notes may run short during the upcoming Diwali festival has been circulating on WhatsApp. The viral message, which is presented as an advisory from the Reserve Bank of India (RBI), claims that new Rs 10, Rs 20 and Rs 50 banknotes may not be available in sufficient quantities. However, the claim is fake. PIB Fact Check has dismissed the circulating message and clarified that the RBI has made no such announcement about the availability of small-denomination currency notes. The fact-checking agency also urged people to verify information through official sources and avoid forwarding unverified messages.

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.


Read more - Dhanteras 2026 date: Shubh muhurat to buy gold, silver, utensils and other valuables

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.

Read more - What makes Pune Metro's new Pink Line so special? Check key features, route & fares of this unique corridor, which will be operated entirely by women

PIB Fact Check says RBI has made no such announcement

PIB Fact Check has labelled the claim fake, clarifying that the RBI has not issued any announcement warning of a shortage of Rs 10, Rs 20 and Rs 50 notes ahead of Diwali.

The agency shared the clarification on X after the purported advisory began circulating on WhatsApp.

It urged people to check information against official announcements before believing or sharing such messages.

How to identify fake RBI messages and advisories

Messages that use government or regulatory body logos can appear authentic, but their appearance alone does not establish that they are genuine.

People should check the RBI's official website and verified social media accounts for announcements concerning currency notes, banking rules and other financial matters. They can also refer to PIB Fact Check for clarifications on misleading claims involving government institutions.

Avoid forwarding messages that contain unverified claims, particularly when they could cause unnecessary concern about cash availability or banking services.