New Delhi, Oct. 31 -- The Reserve Bank of India (RBI) is likely to roll out its pilot polymer currency on April 1, 2027, with dimensions of existing Rs.10 and Rs.20 banknotes unchanged. According to a report by Moneycontrol, the decision to keep the dimensions unchanged would benefit banks as they won't have to spend extra on reconfiguration of their ATMs.

"Retaining the existing dimensions will help banks avoid upfront capital expenditure on ATM reconfiguration. Since the programme will initially be a pilot covering smaller denominations, the savings could be substantial," a senior official of a state-owned bank told Moneycontrol.

In August, Reserve Bank of India Governor Sanjay Malhotra had highlighted the longevity of polymer currenc...