India clears ₹10 and ₹20 polymer-note trials, with regular issuance planned
The RBI will test polymer ₹10 and ₹20 notes before regular issuance, with the new notes set to circulate alongside paper currency rather than replace it. The move could affect cash-handling durability and costs for retailers and banks.
India approved field trials and eventual regular issuance of ₹10 and ₹20 polymer notes. RBI says plastic notes will circulate alongside paper currency, not replace it, while assessing any impact on digital payments.
Why this matters
The move follows recent signals that India approved a polymer-note pilot and planned regular issuance of ₹10 and ₹20 notes, reinforcing the Reserve Bank of India’s testing of lower-denomination polymer currency.
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