# RBI targets polymer banknote rollout by next financial year 2026-08-06T22:41:27+00:00 | Governance | Indian Opinion Desk Corroboration: 1 independent outlet RBI Governor Sanjay Malhotra said the central bank aims to have polymer banknotes in circulation by the beginning of the next financial year, if field trials and preparations go as planned. Speaking after the Monetary Policy Committee briefing on Wednesday, he stated: 'We are targeting that they are in circulation, as per plan, in the beginning of next FY.' The move from paper to polymer notes is expected to improve durability and reduce replacement frequency. Malhotra noted that polymer notes have lasted over 30 years in some countries and could be especially useful for lower-denomination notes with high circulation velocity. Both TimesNow News and Rediff report that challenges around printing, distribution, and ATM compatibility remain. The RBI is also focused on aligning inflation with its 4 per cent target and maintaining an orderly rupee trajectory. ## Coverage - timesnownews.com - rediff.com Tags: banknotes, cash management, currency, polymer notes, RBI Canonical: https://indianopinion.org/rbi-targets-polymer-banknotes-for-start-of-next-financial-year/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/rbi-targets-polymer-banknotes-for-start-of-next-financial-year/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.