Economy & BankingArticle 11 of 16

RBI to pilot polymer (plastic) currency notes

· 5 min read·Source: The Hindu
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The Reserve Bank of India is considering the introduction of polymer (plastic) currency notes and is likely to launch a pilot project, RBI Governor Sanjay Malhotra indicated around the June 2026 policy. Polymer notes are more durable and harder to counterfeit than paper notes. The move comes as currency in circulation continues to rise.

Key Facts & Details

7 points
  • 1
    RBI is weighing the introduction of polymer (plastic) currency notes.
  • 2
    A pilot project is likely, the RBI Governor indicated.
  • 3
    Polymer notes are more durable and harder to counterfeit than paper.
  • 4
    The consideration comes amid rising currency in circulation.
  • 5
    Indicated by RBI Governor Sanjay Malhotra around the June 2026 policy.

Deep Dive

  • +
    Several countries (e.g., Australia, UK) already use polymer banknotes.
  • +
    The RBI periodically reviews note security and durability features.
Q

Exam Focus

The RBI is considering introducing currency notes made of which material via a pilot?

Related Topics

RBICurrency

Exam Relevance & Angle

RBI currency and monetary decisions are core banking-awareness items frequently tested in banking exams.

Target Exams

SBI POSBI ClerkIBPS POIBPS ClerkRBI Grade BRBI AssistantSSC CGLLIC AAONIACL AO

Background & Context

Polymer (plastic) banknotes are made from a plastic film and offer greater durability and security features. The RBI manages currency issuance in India.

Related GK Concepts

Must Know
Polymer banknotesReserve Bank of IndiaCurrency in circulationCounterfeiting

Test Yourself

1 / 2

The RBI is considering introducing currency notes made of which material?

Source

The Hindu

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RBI to pilot polymer (plastic) currency notes — Current Affairs 2026-06-07