GoI Approves RBI Field Trials of Rs 10 and Rs 20 Polymer Currency Notes
In July 2026, the Government of India (GoI) approved the Reserve Bank of India’s (RBI) proposal for field trials of one billion polymer banknotes each in Rs 10 and Rs 20 denominations. This initiative, worth Rs 3000 crore, aims to evaluate more durable currency notes under various climatic and usage conditions in India. Polymer notes are being tested as an additional option, not a replacement for existing paper notes.
🔑 Key Points
- •GoI approved RBI field trials for polymer banknotes.
- •Denominations: Rs 10 and Rs 20.
- •One billion notes of each denomination for trials.
- •Aims to evaluate durability and security features.
- •Polymer notes are an additional option, not a replacement.
🎯 Why It Matters for Your Exam
This is a significant banking and economic news item. Questions could arise about the denominations, the material, the purpose of the trials, and the approval body.
🧠 Practice Question
Which denominations of polymer currency notes have been approved for field trials by the Reserve Bank of India (RBI)?
- A.Rs 50 and Rs 100
- B.Rs 10 and Rs 20
- C.Rs 200 and Rs 500
- D.Rs 5 and Rs 10
Show answer ▼▲
✅ Answer: B. Rs 10 and Rs 20
The Government of India approved the RBI's proposal to conduct field trials of one billion polymer banknotes each in the Rs 10 and Rs 20 denominations.
Source: CIVILGYAN Current Affairs Desk
Test yourself on today's current affairs
A free 8-question quiz built from today's updates — no payment needed.
Take Today's Free Quiz →More in Economy & Finance
1 Finance Receives SEBI In-Principle Approval for MF Lite AMC Licence
21 October 2026
SEBI Revises Closing Auction Session Framework in Equity Cash Segment, Effective December 7, 2026
21 October 2026
NSO's September 2026 PLFS: LFPR Rises to 55.5%, Unemployment Rate Falls to 5.0%
20 October 2026
RBI Approves Merger of Emirates NBD's Indian Branches with RBL Bank
19 October 2026
HSBC India Commits Rs 200 Crore to Enhance Financial Literacy by 2030
17 October 2026
WTO Raises 2026 Global Merchandise Growth Forecast to 3.9%
17 October 2026