Government's fact checking agency PIB Fact Check has said that there are no plans to withdraw paper currency notes or replace ...

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 ...

Viral social media claims about the Reserve Bank of India replacing paper currency with plastic notes by June 30, 2026, are ...

Plastic currency notes to be introduced in India soon? RBI governor's statement sparks buzz; What does it mean?

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

In 2012, the then UPA govt had approved a field trial involving one billion pieces of Rs 10 polymer banknotes across five cities ...

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 ...

The move comes almost a decade after the central bank first floated the proposal to print plastic currency notes, as paper ...

Unlike paper currency, polymer notes are more durable and resistant to dirt and moisture, factors that are especially relevant in India's climate and usage conditions.