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Government permits RBI to issue 2 billion ₹10 and ₹20 polymer banknotes
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The Union government has granted the Reserve Bank of India permission to issue 2 billion polymer banknotes of ₹10 and ₹20 denominations. The move aims to enhance durability and reduce counterfeiting in high-volume currency circulation.
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Government permits RBI to issue 2 billion ₹10 and ₹20 polymer banknotes
The Union Cabinet approved the issuance of 2 billion polymer banknotes in ₹10 and ₹20 denominations, as per a Business Standard report dated July 27, 2026. The decision follows a recommendation from the Reserve Bank of India to adopt polymer substrates for improved currency longevity and security. Polymer notes are expected to withstand wear better than traditional cotton-based notes, reducing replacement costs. The RBI will begin phased rollout after finalizing procurement and distribution logistics. The move aligns with global trends favoring polymer currency for high-denomination notes.
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