Mumbai/IBNS, May 29 -- India may soon revive its decade-old plan to introduce plastic currency notes amid rising demand for banknotes, according to a report by Business Standard.

RBI Revives Polymer Note Plan

The Reserve Bank of India (RBI) has reportedly revived discussions on printing polymer-based banknotes for circulation as currency demand has steadily increased over the past few years.

Why Plastic Notes?

Polymer or plastic currency notes are considered advantageous both economically and from a sustainability perspective.

These notes are cheaper to produce, more durable, and have a longer lifespan compared to traditional paper currency.

The cost of producing paper currency notes rose sharply to Rs. 6,372.8 crore in 2024-25 from...