The new notes will be checked for durability and adaptability to Indian conditions before the RBI clears it for circulation. (File photo)The Reserve Bank of India (RBI) plans to launch polymer banknotes at the beginning of next financial year (FY28), and people will initially get hold of lower denomination “plastic” notes, that of Rs 10 and Rs 20. “Polymer notes have two purposes. This is relevant especially for the lower denominated notes with higher velocity. “The second purpose is to expand our capacity as the needs of the economy increase,” he said.