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According to official sources cited by ANI and Dainik Bhaskar, the RBI is expected to begin its pilot project with Rs 10 and Rs 20 notes. The decision on a wider rollout will depend on the outcome of the field trials, and if the testing is successful, a full-scale introduction could begin in 2027, Dainik Bhaskar reported.

Eligible bidders must have at least three years of experience supplying polymer substrates with security features to a central bank or banknote printing organisation and must be capable of supplying at least 20,400 reams, or 30 per cent of the indicative requirement, ANI reported. Applicants are also required to submit polymer sheet samples for laboratory testing, along with certifications that the material is free of animal tallow and DNA content.

Polymer banknotes, first introduced by Australia in 1988, are now used in more than 50 countries. They are considered more durable, more resistant to counterfeiting and have a longer lifespan than conventional paper currency, potentially reducing long-term printing costs and environmental impact.- EndsPublished By: Zafar ZaidiPublished On: Jul 18, 2026 08:53 IST