RBI to Introduce Plastic Notes? Why India May Switch to Polymer Currency | NEXT IAS [uoba1fZeyTI]
What if India's currency notes stopped tearing, getting dirty, or wearing out so quickly? The Reserve Bank of India is considering the introduction of polymer (plastic) banknotes as cash demand continues to rise despite the rapid growth of digital payments. With currency in circulation reaching a record ₹42.86 trillion and banknote printing costs crossing ₹6,370 crore in FY25, polymer notes could offer a longer lifespan, better durability, and enhanced security features. India had previously tested polymer notes in 2012, but technological limitations held the project back. Now, with improved infrastructure and global success stories from countries like Australia, Canada, and Singapore, the idea is back in focus. Will India finally switch from paper to plastic currency? #nextias #rbi #plasticnotes #polymernotes #indiancurrency #banknotes #currency #reservebankofindia #cashcirculation #digitalpayments #upi #economy #financialnews #currencynews #indiaeconomy #currentaffairs #youtubeshorts #viralshorts #shorts #foryou #fyi #fyp