Economy · India
RBI to Introduce Plastic Currency Notes by FY28
The Reserve Bank of India (RBI) has indicated plans to introduce plastic currency notes, specifically for the ₹10 and ₹20 denominations, with a potential launch timeline by the financial year 2028 (FY28). RBI Governor Shaktikanta Das has provided information regarding the timeline and potential benefits of this currency upgrade. The introduction of these polymer notes aims to replace existing paper currency, with some reports suggesting the eventual phasing out of paper notes. The move is part of a broader currency upgrade initiative by the RBI.
How outlets across the spectrum covered it
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- Centre (4): Hindustan (Hindi), Navbharat Times, Prabhat Khabar, The Lallantop
- Right (2): Firstpost, Zee News (Hindi)