Okayed trials for polymer notes for ₹10, 20; no plan to replace paper yet: Govt

Government approved RBI's proposal for field trials of ₹10 and ₹20 polymer banknotes, with 1 billion pieces each to be printed.

Bharatiya Reserve Bank Note Mudran Private Limited floated a Global Expression of Interest for opacified polymer substrate sheets with security features.

Polymer notes include features like clear window with portrait, metallic numeral, and magnetic pseudo thread.

Government clarified there is no plan to replace existing paper currency with plastic notes.

Bidders from China or Pakistan face restrictions; entities from land-bordering countries must register with DPIIT.