India clears trials and regular issuance of ₹10 and ₹20 polymer notes
The government has approved field trials and eventual regular issuance of ₹10 and ₹20 polymer banknotes. The notes will circulate alongside paper currency, creating a durability-led shift in cash handling for retailers, banks and payments infrastructure providers.
India approved field trials and eventual regular issuance of ₹10 and ₹20 polymer banknotes. The RBI says plastic notes will circulate alongside paper currency, not replace it, with implications for cash-handling and payments infrastructure across Indian retail.
Why this matters
The approval advances RBI's recent exploration of polymer ₹10 and ₹20 notes and follows reports of a government-cleared RBI pilot for 2 billion notes.
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