RBI to trial Rs 10, Rs 20 plastic notes worth Rs 3,000 Crore; Centre says no proposal to replace paper notes
The Reserve Bank of India (RBI) will trial 100 crore pieces of Rs 10 and Rs 20 plastic notes, valued at ₹3,000 crore, as confirmed by Minister of State for Finance Pankaj Chaudhary. This initiative follows a recommendation from the RBI's central board, with plans for regular issuance contingent on successful field trials. Chaudhary emphasized that there is no proposal to replace existing paper currency with these polymer notes.