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3 clusters · 34 sources · 11 days · First seen · Last updated

Categories: BUSINESS

India RBI polymer banknote pilot – trials approved

Entities: Reserve Bank of India · polymer banknote · India · Pankaj Chaudhary · Ministry of Finance, Government of India

Overview

Following the RBI’s July 2026 announcement of a polymer banknote pilot, the Indian government approved the programme on 27 July. The RBI will print one billion ₹10 and one billion ₹20 polymer notes for field trials, while existing cotton‑paper notes will continue to be legal tender. The trial seeks to confirm that polymer notes last two to four times longer, resist water, dirt and wear, and incorporate advanced security features such as clear windows, metallic numerals, magnetic threads, holographic elements and colour‑changing effects. Officials expect the polymer series to cut replacement costs, reduce waste and enhance counterfeit resistance. The Finance Ministry stressed that polymer and paper notes will circulate together and that any impact on digital payments will be monitored. Pending successful trials, a broader rollout could commence in 2027, with substrate procurement already underway under strict security rules that exclude China and Pakistan.

Timeline

  1. 1 day ago

    [BUSINESS] 8 sources
    India approves RBI field trials of ₹10 and ₹20 polymer banknotes

    India's government approved RBI field trials of ₹10 and ₹20 polymer banknotes, issuing one billion of each. Polymer notes will coexist with paper notes, offering durability and anti‑counterfeit benefits; impact

  2. 9 days ago

    [BUSINESS] 2 sources
    India's RBI to Pilot Polymer Rs10 and Rs20 Banknotes

    India's RBI will pilot Rs 10 and Rs 20 polymer banknotes, seeking longer‑lasting, more secure currency to curb counterfeiting.

  3. 12 days ago

    [BUSINESS] 26 sources
    Reserve Bank of India advances polymer banknote pilot for Rs 10 and Rs 20 notes

    RBI’s printing arm BRBNMPL has launched a global tender for polymer substrate to pilot ₹10 and ₹20 plastic notes, with a bid deadline of 18 Aug and a potential 2027 rollout pending trial success.

Sources

36kr.com · aajsamaaj.com · chinimandi.com · cumbernauld-media.com · enavabharat.com · gujaratmitra.in · gulfnews.com · hindi.asianetnews.com · hindi.latestly.com · hindi.news18.com · hindi.pardaphash.com · ibc24.in · kannadaprabha.com · krajskarevolucia.eu · latestly.com · morungexpress.com · munsifdaily.com · newindianexpress.com · news24online.com · news9live.com · newsable.asianetnews.com · newsbytesapp.com · odishabytes.com · orissapost.com · socialnews.xyz · teluguboxoffice.com · thelivenagpur.com · thelucknowtribune.com · theshillongtimes.com · timesbull.com · timesnow.tv · tv9gujarati.in · visalaandhra.com · vlieger.nl