Archive · 18 Jul 2026
RBI Invites Global Bids for Polymer Notes
The Reserve Bank of India's currency printing arm, BRBNMPL, has invited global bids for the supply of polymer substrate sheets for banknote printing.
This is a step towards potentially introducing polymer banknotes in India, which are more durable and have a longer lifespan compared to traditional paper notes.
The tender specifies stringent security conditions, including government clearance and restrictions on sourcing raw materials from China or Pakistan.
The RBI is examining the proposal but has not yet made a final decision.
BRBNMPL invites global bids for polymer substrate sheets for banknote printing.
Deadline for bids is August 18.
Polymer notes are more durable and have a longer lifespan than paper notes.
Stringent security conditions include government clearance and restrictions on sourcing from China or Pakistan.
RBI is examining the proposal but has not yet made a final decision.
- Who
- Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
- What
- Inviting global bids for polymer substrate sheets for banknote printing
- When
- Deadline for bids is August 18
- Where
- India
- Why
- To potentially introduce polymer banknotes for enhanced durability and security
Proponents of Polymer Notes
Traditionalists
Durability and Lifespan
Proponents of Polymer Notes
Polymer notes are more durable and have a longer lifespan, reducing the frequency of reprints and saving costs in the long run.
Traditionalists
Traditional paper notes have been used for nearly a century and are well-established, with a proven track record.
Security Features
Proponents of Polymer Notes
Polymer notes can be embedded with advanced security features, making them harder to counterfeit.
Traditionalists
Paper notes already have robust security features that are effective in preventing counterfeiting.
Environmental Impact
Proponents of Polymer Notes
Polymer notes can be more environmentally friendly as they can be recycled and have a longer lifespan, reducing waste.
Traditionalists
Paper notes are biodegradable and have a lower environmental impact in terms of production and disposal.
- Organization
- Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL)
- Deadline for Bids
- August 18
- Material
- Polymer substrate sheets
- Security Clearance
- Required from the government
- Exclusion Zones
- Operations in China or Pakistan must be isolated from the India contract
- Raw Material Sourcing
- Prohibited from China or Pakistan
- Decision Status
- Under consideration by RBI
