India to get its first plastic notes next year: RBI governor shares timeline

The government has authorised the Reserve Bank of India to print up to 2 billion polymer (plastic) notes – 1 billion each in the Rs 10 and Rs 20 denominations for field trials. At present, there is no proposal to replace paper currency entirely. The government has authorised the Reserve Bank of India to print up to 2 billion polymer (plastic) notes – 1 billion each in the Rs 10 and Rs 20 denominations for field trials. At present, there is no proposal to replace paper currency entirely.