Now Reading: Rs 10 and Rs 20 polymer notes likely by early FY28
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Rs 10 and Rs 20 polymer notes likely by early FY28
Rs 10 and Rs 20 polymer banknotes are likely to enter circulation at the beginning of FY28, RBI Governor Sanjay Malhotra said, according to The Times of India. The Reserve Bank of…
The Story in Brief
Rs 10 and Rs 20 polymer banknotes are likely to enter circulation at the beginning of FY28, RBI Governor Sanjay Malhotra said, according to The Times of India. The Reserve Bank of India is preparing field trials after receiving government approval.
The Centre has allowed the RBI to print two billion polymer notes for the initial trials, the government told Parliament on Monday. The RBI has also floated a tender to source the material. IndiaTV News reports that people will have to wait longer before the notes become available, without giving a more precise timeline.
The Indian Opinion
Plastic notes are not an instant fix for worn currency, and claims that they are arriving soon should be treated carefully. The practical test is whether the RBI’s field trials show better durability without making printing, replacement or public handling costlier. The two-billion-note trial and the early FY28 target will provide a clearer basis for judging the plan than promotional headlines.
Sources (2): indiatvnews.com, timesofindia.indiatimes.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
