RBI Polymer Currency Notes Pilot Project

planned

The Reserve Bank of India is preparing to launch a pilot project for plastic-based banknotes (polymer currency notes) to address the issue of worn-out currency notes and rising costs of printing and managing paper currency. Polymer notes are more durable, waterproof, and resistant to tearing, potentially lasting two to five times longer than conventional paper currency. The project aims to reduce replacement costs and improve currency durability while also enhancing anti-counterfeit protection.