The Central Bank of India plans to issue small-denomination plastic banknotes on a pilot basis in 2027 to evaluate the viability of using them as an alternative to banknotes to improve the durability and security of banknotes. The Reserve Bank of India plans to issue plastic banknotes with denominations of 10 rupees and 20 rupees during the pilot phase. If the pilot goes well, they may be further promoted.

The Central Bank of India plans to issue small-denomination plastic banknotes on a pilot basis in 2027 to evaluate the viability of using them as an alternative to banknotes to improve the durability and security of banknotes. The Reserve Bank of India plans to issue plastic banknotes with denominations of 10 rupees and 20 rupees during the pilot phase. If the pilot goes well, they may be further promoted.