India clears RBI field trial for ₹10 and ₹20 polymer notes
The government has approved the RBI’s proposal to test 100 crore polymer notes each in ₹10 and ₹20 denominations. Existing paper notes will remain valid; broader circulation will depend on field-trial results.
The government approved RBI’s proposal to field-test 100 crore polymer notes each in Rs 10 and Rs 20 denominations. Existing paper notes will remain valid, while wider issuance will depend on trial performance.
Why this matters
The approval advances RBI’s recent polymer-currency push, following signals on a proposed ₹3,000 crore trial across five cities and plans for 2 billion ₹10 and ₹20 polymer notes.
Omni-channel is steady, with 1,667 signals recorded in the past 90 days.