India clears pilot of ₹10 and ₹20 polymer notes
The Finance Ministry has approved RBI field trials of 1 billion polymer notes each in ₹10 and ₹20 denominations. Paper currency will continue alongside the pilot; implications for cash handling, acceptance and digital-payment behaviour depend on broader circulation.
The Finance Ministry approved RBI field trials of one billion polymer notes each in ₹10 and ₹20 denominations. Paper notes will continue alongside polymer currency, while any impact on digital payments will be assessed only after wider circulation.
Why this matters
The approval follows RBI's exploration of polymer ₹10 and ₹20 notes and its printing arm's polymer-substrate tender, moving the plan from preparation to field trials.
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