PIB Fact Check: A video of PM Narendra Modi is going viral on social media. It features an announcement about a special government scheme to purchase old and rare currency notes and coins. Based on this video, claims are being made that the government is buying old coins and notes from the general public. The PIB Fact Check unit investigated this viral claim and found the video to be completely fake and a deepfake.

Misleading video going viral on Facebook

The investigation revealed that numerous edited videos of PM Narendra Modi have been shared via a Facebook page named ‘Kishan Kumar’. These videos clearly depict the PM encouraging citizens to sell their old and antique currency notes and coins. Through such sensational and misleading videos, attempts have been made to convince social media users that an official process for trading old coins is underway under the Central Government’s supervision.

“>August 31, 2026

PIB Fact Check issues clarification

The PIB Fact Check unit has officially clarified that no such scheme has been announced by the government or the PM. PIB has advised citizens not to share or forward any such suspicious videos or associated web links, as they could be used for financial fraud.

In a post on the social media platform X, PIB stated: “#Facebook page ‘Kishan Kumar’ is sharing several videos of Prime Minister Narendra Modi, in which the PM is shown making announcements related to the purchase of old notes and coins. All these videos are #fake and have been created with the help of AI technology (deepfake). The Prime Minister has not made any such announcement.

Beware of tempting claims

Cyber fraudsters are often active online, promising to buy old notes and coins for lakhs of rupees. Therefore, to verify the authenticity of any government scheme, rely solely on official government portals. Verification is essential.
Please note: If any individual or page asks for a registration fee or bank details in exchange for purchasing old currency notes, exercise immediate caution and lodge a complaint with the cyber helpline.