Govt approves RBI's trials of ₹10, ₹20 polymer notes; no plan to replace paper currency
- Posted on July 27, 2026
- By Business News Today
- 1 Views
- 1 min read
In brief
India's central bank has received government approval to launch pilot programs testing polymer banknotes in denominations of ₹10 and ₹20. The initiative involves distributing one billion notes of each denomination across field trials to evaluate their durability and extended lifespan compared to traditional paper currency. While this represents a significant advancement in currency technology, officials emphasize this is an exploratory phase with no immediate plans to phase out existing paper notes from circulation.
Summary auto-generated by AI from the original publisher's content. Editorial standards.
Govt approves RBI's trials of ₹10, ₹20 polymer notes; no plan to replace paper currency
The government has approved the Reserve Bank of India's proposal for polymer banknotes. One billion pieces each of ten and twenty rupee polymer notes will undergo field trials. These new notes are expected to be more durable and have a longer lifespan. The introduction of polymer notes is still in a preliminary phase.
