Central bank is studying polymer notes but social media posts saying that paper currency notes will be withdrawn soon are ...

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India may soon get plastic currency notes. The RBI is reportedly preparing a polymer banknote pilot project as printing costs rise and demand for cash continues to grow despite digital payments ...

Reserve Bank of India is reportedly reviving a decade-old plan to introduce polymer banknotes, with a pilot project expected soon. Here is what plastic currency is, why the RBI wants it and which ...

Speaking at the post-policy press conference on Friday, Malhotra said the consideration was still at a preliminary stage and the central bank was examining its pros and cons.

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.

As far as polymer notes are concerned, the proposal is under consideration. As soon as any decision is taken on it, we will inform you,' Malhotra said.

RBI is currently evaluating both the potential advantages and challenges associated with polymer currency before deciding ...

RBI is evaluating the introduction of polymer currency notes in India, reviving a proposal first tested over a decade ago. Learn what plastic banknotes are, their advantages, challenges, and why the ...

RBI Governor Sanjay Malhotra discusses the potential shift to polymer banknotes in India. Learn about the benefits, durability, and status of this proposal. Read more.

New Delhi: Reserve Bank of India (RBI) Governor Sanjay Malhotra announced on Friday (June 5) that a proposal regarding the introduction of polymer currency notes in India will be considered. The ...