Reserve Bank of India is considering a pilot project for polymer banknotes, citing longer shelf life, lower replacement costs and rising demand for cash despite the growth of digital payments ...

Learn what banknotes are, how they are used, and the history behind them, including differences from regular money and modern ...

The RBI is considering polymer currency notes as printing costs rise and demand for cash continues despite digital payments growth.

Reserve Bank of India is reportedly reviving a decade-old plan to introduce polymer banknotes, with a pilot project expected soon. Here is what plastic currency is, why the RBI wants it and which ...

India may soon get plastic currency notes. The RBI is reportedly preparing a polymer banknote pilot project as printing costs rise and demand for cash continues to grow despite digital payments ...

The primary objective of introduction of polymer notes was to increase its life and not to combat counterfeiting.

RBI Governor Sanjay Malhotra clarified that no final decision has been taken and that the matter is still at a preliminary ...

As of late May 2026, the Reserve Bank of India is revisiting its plan to launch a pilot project for ‘Polymer banknotes’, marking a cautious yet potentially transformative step in the modernization of ...

The Reserve Bank of India is reviving plans to introduce polymer banknotes, with a pilot project likely soon amid rising cash demand, soaring printing costs and concerns over durability of paper curre ...

The first recorded use of polymer notes was in Australia (1988) when the $10 bill was replaced in celebration of the nation’s bicentennial anniversary. The Australian dollar was completely switched to ...

India, May 30 -- The Reserve Bank of India (RBI) is once again exploring the possibility of introducing polymer banknotes, reviving a proposal that has been discussed periodically over the past ...