RBI Polymer Banknotes are expected to mark a significant change in India’s currency system, with the Reserve Bank of India planning to introduce polymer notes in ₹10 and ₹20 denominations from the beginning of FY2027-28. Polymer banknotes are made from a thin, flexible plastic material instead of traditional paper-based currency. They are generally more durable and resistant to moisture and dirt, potentially allowing them to remain in circulation for longer.The proposed notes are expected to include security features designed to make counterfeiting more difficult. Their longer lifespan could also reduce the frequency with which worn-out notes need to be replaced. The introduction of RBI Polymer Banknotes could therefore have implications not only for the durability and security of Indian currency but also for the cost and efficiency of currency management.
RBI Polymer Banknotes: What Are Plastic Notes and Why?
