RBI to trial ₹3,000 crore of polymer ₹10 and ₹20 notes in five cities
The RBI will test 100 crore polymer ₹10 notes and 100 crore polymer ₹20 notes, circulating them alongside paper currency in Kochi, Mysuru, Shimla, Jaipur and Bhubaneswar. The Finance Ministry said there is no proposal to replace paper notes nationwide.
RBI will trial 100 crore polymer Rs 10 notes and 100 crore Rs 20 notes, worth Rs 3,000 crore. The Finance Ministry said plastic notes will circulate alongside paper currency, with no plan to replace paper notes.
Why this matters
The pilot follows recent signals that India cleared ₹10 and ₹20 polymer-note trials and planned regular issuance, moving the RBI from approval toward city-level circulation testing.
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