Polymer Notes by FY28: How Your ₹10 Bill Changes

The RBI plans to introduce polymer currency notes as early as FY2028. These plastic-like notes last far longer than paper ones, cost less over time, and will first replace low-value, high-circulation notes like ₹10 and below.

Here's what happened: RBI Governor Malhotra confirmed the central bank is targeting an early FY2028 launch for polymer currency notes in India.. The rollout will prioritise lower-denomination notes — think ₹10 and below — which circulate the fastest and wear out quickest in daily use.. Polymer notes have already proven durable in countries like Australia and the UK, lasting over 30 years in circulation versus paper notes that often degrade within 1-2 years in Indian conditions..

What you should do: Check your wallet and coin pouch size — polymer notes are slightly thicker and more rigid than paper, so compact wallets may need an upgrade when the rollout begins.. Avoid storing polymer notes folded tightly for long periods once introduced; unlike paper notes they retain crease marks permanently, which can affect acceptance at some counters.. Stay updated via the RBI website (rbi.org.in) for the official launch date and a list of denominations covered — the first phase will not include ₹500 or ₹2000 notes..

Polymer notes cannot be stapled without tearing — businesses that bundle cash with staple pins (common at kirana stores and petrol pumps) will need to switch to rubber bands or currency straps before the RBI rollout.