Polymer banknotes may enter circulation early FY28 if pilot succeeds: RBI Governor
The Reserve Bank of India (RBI) is moving forward with plans to introduce polymer banknotes, potentially launching them early in the next financial year. Governor Sanjay Malhotra confirmed that the central bank has already floated a tender for the polymer substrate and is awaiting security clearance to proceed with the pilot program.
This move is significant as it could replace traditional paper currency, which is more durable and harder to counterfeit. For investors, this shift represents a major structural change in India's monetary infrastructure, potentially impacting printing, security, and logistics sectors in the long run.
Investors should monitor the outcome of the pilot tests and the timeline for security clearance. The success of this initiative could set the stage for a broader rollout, making it a key development to watch in the upcoming fiscal year.
Excerpt from Economic Times
Published On Aug 5, 2026 at 02:44 PM IST Governor Sanjay Malhotra on Wednesday said the Reserve Bank of India is aiming to introduce pilot polymer banknotes into circulation at the beginning of the next financial year, subject to successful testing under Indian climatic and operating conditions. Responding to a…Read the original at Economic Times
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