Govt approves RBI's trials of ₹10, ₹20 polymer notes; no plan to replace paper currency
Economic Times 1 hr ago·27 Jul 2026, 3:42 pm
The government has given the green light to the Reserve Bank of India's plan to test polymer banknotes. This means that a large batch of ₹10 and ₹20 notes made of polymer will be tried out to see how they work in real-life conditions.
The goal of using polymer notes is to make currency more durable and long-lasting. This could potentially reduce the need for frequent replacements and lower costs in the long run.
For now, it's still early days for polymer notes in India, and it's not clear when or if they will become a standard part of the country's currency. Investors will be watching to see how these trials go and what the government decides to do next.
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