The government on Wednesday said claims that banks across India had been instructed to stock ATMs with additional cash ahead of the rollout of UPI fees are false. The clarification came after a LiveMint newspaper clipping carrying the headline "Banks asked to stock up ATMs ahead of UPI fees" circulated online, with PIB Fact Check stating that neither the Reserve Bank of India (RBI) nor the Finance Ministry had issued such instructions.
The circulating clipping claimed that preparations had been sought for higher cash demand because charges were being introduced on certain UPI transactions. PIB Fact Check marked the headline as fake and urged people to report suspicious content related to the Central Government through its fact-checking service.
