India has approved field trials for one billion polymer banknotes in ₹10 and ₹20 denominations, aiming to explore alternatives to the current paper-based currency system.
Timeline for when these polymer notes will be introduced remains unclear
Aug 11, 2026
04:14 pm
What's the storyThe Indian government has approved a proposal to conduct field trials of one billion polymer banknotes each in the denominations of ₹10 and ₹20.
The Reserve Bank of India (RBI) had sent the proposal to the government under Section 25 of the RBI Act, 1934.
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The government has approved the Reserve Bank of India's proposal for polymer banknotes. One billion pieces each of ten and…
