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RBI to introduce polymer currency notes for field trials

The Reserve Bank of India plans to launch polymer currency notes in the Rs 10 and Rs 20 denominations by April-May 2027. The government has authorised the printing of up to 2 billion of these notes for field trials to test their durability compared to traditional paper currency.

2 paksh

General Post Office and Reserve Bank of India, Kolkata, India
File photo: Vyacheslav Argenberg / CC BY 4.0, via Wikimedia Commons

What Happened

The Reserve Bank of India has announced plans to introduce polymer currency notes for field trials, starting with the Rs 10 and Rs 20 denominations. RBI Governor Sanjay Malhotra confirmed that these notes are expected to be launched between April and May 2027, following a meeting of the Monetary Policy Committee. The government has authorised the production of up to 2 billion of these notes for the initial rollout.

The initiative aims to address the rapid wear and tear of low-denomination paper notes, which are frequently damaged by moisture or heavy circulation. By adopting polymer technology, the RBI expects to extend the lifespan of currency and reduce the recurring costs associated with printing replacements. The move draws on the experience of countries like Australia, Canada, and the United Kingdom, where polymer notes have been used for decades.

Background

The Reserve Bank of India is the central banking institution responsible for the issuance and management of currency in India under the Reserve Bank of India Act, 1934.

Standing context, compiled from public reference sources rather than from the coverage above.

SourcesReserve Bank of India Act, 1934

Key Facts

  1. The RBI will issue polymer notes in Rs 10 and Rs 20 denominations.
  2. The government has authorised the printing of up to 2 billion polymer notes.
  3. The launch is scheduled for April-May 2027.
  4. Polymer notes are intended to be more resistant to moisture and damage than paper notes.
  5. There is currently no plan to replace all paper currency with polymer notes.

The Timeline2

Every article on this story, in the order it was filed. We do not rank the outlets.

  1. 5 Aug

    1. TOIThe Times of India
      India to get its first plastic notes next year: RBI governor shares timeline
    2. BhDainik Bhaskar
      प्लास्टिक के नोट अप्रैल-मई 2027 में आएंगे:RBI गवर्नर बोले- कम मूल्य वाले नोटों से शुरुआत होगी, ये 30 साल तक चलेंगे

Where This Is Being Covered2 languages

Languages

Newsrooms carrying this story, by publication language.

  • English1 outlet
  • Hindiहिन्दी1 outlet

Regional reach

States where a local newsroom is carrying this. National mastheads and wire agencies circulate everywhere and are counted separately, not drawn on the map.

Jammu & Kashmir: No local newsroomLadakh: No local newsroomPunjab: Dainik BhaskarChandigarh: No local newsroomHimachal Pradesh: No local newsroomUttarakhand: No local newsroomHaryana: Dainik BhaskarDelhi NCR: No local newsroomUttar Pradesh: No local newsroomRajasthan: Dainik BhaskarGujarat: Dainik BhaskarDadra & Nagar Haveli and Daman & Diu: No local newsroomMaharashtra: Dainik BhaskarGoa: No local newsroomMadhya Pradesh: Dainik BhaskarChhattisgarh: Dainik BhaskarBihar: No local newsroomJharkhand: No local newsroomWest Bengal: No local newsroomOdisha: No local newsroomSikkim: No local newsroomArunachal Pradesh: No local newsroomAssam: No local newsroomNagaland: No local newsroomMeghalaya: No local newsroomManipur: No local newsroomTripura: No local newsroomMizoram: No local newsroomTelangana: No local newsroomKarnataka: No local newsroomAndhra Pradesh: No local newsroomKerala: No local newsroomTamil Nadu: No local newsroomPuducherry: No local newsroomLakshadweep: No local newsroomAndaman & Nicobar: No local newsroom
  • No local newsroom
  • 1 outlet
  • 2 or more

7 states with local coverage. Spread across the country, with no regional concentration. Also carried by 1 national masthead.

About This Analysis

One summary, built from every source. No single newsroom's voice.

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Paksh: the sides a story is told from. 2 newsrooms filed on this one, and every filing is listed above.

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