RBI targets April 2027 pilot rollout for polymer ₹10 and ₹20 notes
The RBI is targeting circulation of polymer ₹10 and ₹20 notes from April 2027, following field trials of one billion notes in each denomination. More durable currency could lower note replacement and cash-handling friction for cash-dependent retailers.
RBI plans to pilot polymer ₹10 and ₹20 notes, targeting circulation from April 2027. The government approved one billion notes of each denomination for field trials, which could reduce currency replacement and cash-handling costs for India’s retail ecosystem.
Why this matters
RBI's polymer-note plan follows recent policy activity: it held the repo rate at 5.25% while lifting its FY27 growth forecast to 6.7%, and proposed harmonised loan-rate rules for banks and NBFCs.
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