A number of Indian media quoted sources as reporting that the Reserve Bank of India, the Bank of India, plans to issue plastic banknotes with denominations of 10 rupees and 20 rupees during the pilot phase. If the pilot goes well, it may be further promoted. A currency printing company under the Bank of India issued a tender notice to tender for special materials needed to print plastic banknotes. The deadline for bidding is August 18. Due to frequent circulation and climatic factors, a large number of damaged banknotes in India are recycled and destroyed every year. Furthermore, in the Indian market, there has been an increase in large-denomination counterfeit money in recent years, especially counterfeit notes of 500 rupees. The use of plastic banknotes is also expected to improve anti-counterfeiting performance. According to reports, this is not the first time India has proposed issuing plastic banknotes. In 2007, the Reserve Bank of India planned to issue plastic banknotes with a denomination of 10 rupees on a pilot basis in some regions, but this was not implemented after many tenders and feasibility studies.

A number of Indian media quoted sources as reporting that the Reserve Bank of India, the Bank of India, plans to issue plastic banknotes with denominations of 10 rupees and 20 rupees during the pilot phase. If the pilot goes well, it may be further promoted. A currency printing company under the Bank of India issued a tender notice to tender for special materials needed to print plastic banknotes. The deadline for bidding is August 18. Due to frequent circulation and climatic factors, a large number of damaged banknotes in India are recycled and destroyed every year. Furthermore, in the Indian market, there has been an increase in large-denomination counterfeit money in recent years, especially counterfeit notes of 500 rupees. The use of plastic banknotes is also expected to improve anti-counterfeiting performance. According to reports, this is not the first time India has proposed issuing plastic banknotes. In 2007, the Reserve Bank of India planned to issue plastic banknotes with a denomination of 10 rupees on a pilot basis in some regions, but this was not implemented after many tenders and feasibility studies.