Can You Really Earn Lakhs by Selling Old Coins and Notes? Check This Viral Claim
Videos claiming that the government is buying old and rare currency notes and coins for huge sums are circulating on social media. Some of these videos feature Prime Minister Narendra Modi appearing to announce a special scheme for people who own antique or valuable currency.
However, the claim is false. The PIB Fact Check unit has identified the viral videos as fake and said they were created using AI technology.
Such claims can be particularly tempting for people who have old coins or notes at home and believe they could be worth a fortune.
The clarification means that social media users should not treat these videos as evidence of a genuine government programme.
In some cases, scammers may also attempt to obtain sensitive banking information.
If someone contacts you with an offer to purchase old notes or coins and asks for money or bank details, exercise extreme caution. Do not rely on viral videos or social media pages to establish whether a government scheme is genuine.
The key takeaway is simple: there is no government scheme announced by PM Modi for purchasing old notes and coins based on the viral videos described above. Treat such claims with caution and verify them before sharing personal or financial information.
However, the claim is false. The PIB Fact Check unit has identified the viral videos as fake and said they were created using AI technology.
Viral Videos Make a Big Promise
Several edited videos circulating on Facebook show PM Narendra Modi apparently encouraging people to sell old and antique notes and coins. The content attempts to create the impression that the Central Government has introduced an official process through which members of the public can sell collectible currency for substantial amounts.Such claims can be particularly tempting for people who have old coins or notes at home and believe they could be worth a fortune.
PIB Fact Check Calls the Videos Fake
The PIB Fact Check unit investigated the claims and clarified that neither the Prime Minister nor the government has announced any such scheme for purchasing old notes and coins .You may also like
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The clarification means that social media users should not treat these videos as evidence of a genuine government programme.
How the Scam Can Put Your Money at Risk
Fake claims about old coins selling for lakhs can also be used to attract people towards suspicious websites or social media accounts. Fraudsters may ask potential sellers to pay a registration, processing or other fee before supposedly purchasing their currency.In some cases, scammers may also attempt to obtain sensitive banking information.
If someone contacts you with an offer to purchase old notes or coins and asks for money or bank details, exercise extreme caution. Do not rely on viral videos or social media pages to establish whether a government scheme is genuine.
Verify Before You Act
Before responding to claims about government schemes, check information through official government portals and trusted official channels. Avoid forwarding suspicious videos or links, particularly when they make unusually attractive financial promises.The key takeaway is simple: there is no government scheme announced by PM Modi for purchasing old notes and coins based on the viral videos described above. Treat such claims with caution and verify them before sharing personal or financial information.
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