Report claims RBI may trial polymer ₹10 and ₹20 notes, reshaping cash handling
Indianweb2 reports that the Reserve Bank of India has approved trials of 2 billion polymer notes. If confirmed, the initiative could reduce note wear in high-cash retail environments, though any national rollout would depend on field-test results and public acceptance.
The RBI has approved trials of 2 billion polymer ₹10 and ₹20 notes to assess durability, cost and public acceptance. Paper notes will remain valid, while retailers may eventually encounter more durable cash designed for heat, humidity and wear resistance.
Why this matters
The reported polymer-note trial extends RBI’s recent retail-finance actions, including proposed curbs on NBFC revolving credit and a bar on lenders remotely disabling borrowers’ devices for recovery.
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- IndianWeb2 — 1h after first sighting