During a press conference following last week’s Monetary Policy Committee (MPC) meeting, Reserve Bank of India (RBI) governor Sanjay Malhotra announced that the currency notes made of plastic polymer will start circulating from the next financial year. He mentioned the proposal is still in the pilot phase, but didn’t specify a month or date for the launch of these plastic notes.
Neeraj Shekhar, member of Parliament, Rajya Sabha, raised the question about the timeframe for the introduction of the polymer currency notes in Parliament on Tuesday (August 11, 2026). He asked whether the government/RBI plans to roll out the plastic money, and if yes, what could the timeline be.
