RBI plans polymer Rs 10 and Rs 20 notes from FY28, subject to trials
The RBI plans to introduce 100 crore polymer notes each in Rs 10 and Rs 20 denominations from the start of FY28, contingent on field trials. Longer-lasting notes could reduce replacement cycles and alter cash-handling dynamics for high-volume retailers.
RBI plans to introduce 100 crore polymer Rs 10 and Rs 20 notes each from the start of FY28, subject to trials. The more durable notes could affect cash-handling operations for Indian retailers and high-velocity consumer transactions.
Why this matters
RBI's FY28 plan follows recent signals on an April 2027 pilot rollout and a FY28 polymer launch for ₹10 and ₹20 notes. It also follows the bank holding repo at 5.25% and raising its FY27 growth forecast to 6.7%.
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