Government approves one billion polymer banknotes of ₹10 and ₹20
The Government has approved the introduction of one billion polymer banknotes in the denominations of ₹10 and ₹20. Officials said the Reserve Bank of India has informed that the procurement process for the polymer notes is presently at an initial stage. The move marks India’s first formal step toward circulating plastic-substrate currency alongside existing paper notes.
Nabka Insight
India moves toward its first polymer (plastic) currency notes.
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- One billion polymer banknotes approved
- Denominations: ₹10 and ₹20
- Procurement process at an initial stage
- RBI to handle the rollout
Background
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