{
  "type": "article",
  "title": "RBI Sets Timeline For 10, 20 Rupee Polymer Notes, Hints At 100 And 500 Plastic Currency Too",
  "summary": "RBI Governor Sanjay Malhotra said after Wednesday's MPC meeting that 10 and 20 rupee polymer notes will enter circulation around the start of the next financial year, near April 2027, and hinted that 100 and 500 rupee notes could follow in plastic too.",
  "content": "India's currency is set to get a plastic makeover, and the central bank has finally put a date on it. Reserve Bank of India Governor Sanjay Malhotra, briefing reporters after Wednesday's Monetary Policy Committee meeting, revealed that 10 and 20 rupee polymer notes will be rolled out at the start of the next financial year. He also signalled that bigger denominations, the 100 and 500 rupee notes, could eventually get a plastic version too.\n\nPolymer notes targeted for around April 2027\nAccording to Governor Malhotra, the RBI is aiming to launch polymer notes around the beginning of the next financial year, which works out to roughly April 2027. The central bank is preparing to introduce 10 and 20 rupee polymer notes into circulation first. Rather than replacing paper currency outright, the RBI plans to run both formats side by side for now, meaning paper and polymer notes will coexist in the market.\n\nWhy polymer makes sense: durability and lower printing costs\nPolymer notes are widely regarded as sturdier than paper ones and tend to stay usable in circulation for much longer. That durability translates directly into savings, since the RBI would not need to print fresh notes as frequently, cutting down on printing costs over time. Polymer notes also resist moisture, stay cleaner for longer, and are far less prone to tearing or getting damaged compared with paper currency.\n\n100 and 500 rupee notes could follow\nThe Governor made it clear that if the rollout of the 10 and 20 rupee polymer notes proves successful, the RBI will move to launch the 100 and 500 rupee notes in plastic as well. No firm date has been announced for the larger denominations yet, since that decision will depend on how the smaller notes perform once they are in circulation.\n\nA second attempt, after a false start in 2009\nThis is not the RBI's first attempt at polymer currency. The central bank had expressed similar intentions to launch plastic notes back in 2009, but that plan did not succeed at the time. Roughly a decade and a half later, the RBI is making another push in the same direction.\n\nWhy 10 and 20 rupee notes were picked for the pilot\nThe RBI chose to launch the 10 and 20 rupee notes in polymer first because these denominations account for around 25 percent of all notes currently in circulation, even though they make up just 1.4 percent of the total value of currency in circulation. That combination, high volume but low value, made them the ideal candidates for a pilot project designed to test how well polymer currency reaches the general public. Malhotra said that once the 10 and 20 rupee polymer notes are ready, they will be distributed through bank branches and ATMs and will circulate alongside the existing paper notes.\n\nWhat this means for you\nFor everyday cash users: Nothing changes right away, existing 10 and 20 rupee paper notes will remain fully valid, and even after the new polymer notes arrive around April 2027, both versions will circulate together, so there is no need to rush to a bank to exchange notes.\n\nQuestions & Answers\n\n1. When will polymer notes enter circulation?\nAccording to the RBI Governor, polymer notes are targeted for launch around the start of the next financial year, roughly April 2027.\n\n2. Which notes will be launched in polymer first?\nThe 10 and 20 rupee notes will be the first to be introduced in polymer form.\n\n3. Will 100 and 500 rupee notes also come in plastic?\nThe Governor has hinted that if the 10 and 20 rupee polymer notes succeed, 100 and 500 rupee notes could follow, though no firm date has been given yet.\n\n4. Will existing paper notes be discontinued?\nNo, the RBI's current plan is to keep paper and polymer currency running side by side in circulation.\n\n5. What are the benefits of polymer notes?\nThey are more durable than paper notes, resist moisture, stay cleaner for longer, and are less likely to tear, which cuts down on repeated printing costs.\n\n6. Has the RBI tried launching polymer notes before?\nYes, the RBI had expressed intentions to launch plastic notes back in 2009, but that plan did not succeed at the time.\n\n7. Why were the 10 and 20 rupee notes chosen for the pilot first?\nBecause they make up around 25 percent of notes in circulation by volume, even though they account for just 1.4 percent by value, making them ideal for the pilot project.\n\n8. How will the new polymer notes reach the public?\nThe Governor said they will be distributed through bank branches and ATMs and will circulate alongside existing paper notes.",
  "url": "https://trendkia.com/en/money/10-aura-20-rupaye-ke-polimara-nota-agale-vitta-varsha-men-aenge-gavarnara-malhotra-ne-100-500-para-bhi-diya-snketa-14006",
  "category": "Money",
  "publishedAt": "2026-08-05",
  "tags": [
    "Polymer Notes",
    "RBI",
    "Sanjay Malhotra",
    "Plastic Currency",
    "MPC Meeting",
    "100 and 500 Rupee Notes"
  ],
  "language": "en",
  "site": "TrendKia"
}