📷 Image: Wikimedia Commons / Martin Kingsley from Melbourne, Australia
National
India To Introduce Plastic Notes
✍️ The Economic Times
🗓 28 Jul 2026, 06:41 PM
👁 5
The Indian government is planning to introduce polymer banknotes, a move that aims to increase the durability of currency notes. Several countries have already adopted this technology.
The introduction of plastic notes in India is a significant development in the country's currency system. The government's decision to opt for polymer banknotes is driven by the need to reduce the wear and tear of currency notes, which are currently made of paper. This move is expected to increase the lifespan of the notes and reduce the cost of printing new ones. Several countries, including Australia and the UK, have already introduced polymer banknotes with success.