Government approves introduction of one billion polymer banknotes of ₹10 and ₹20
The government approved introduction of one billion polymer banknotes in the ₹10 and ₹20 denominations. The RBI has informed that the procurement process is presently at an initial stage. Polymer notes are more durable and harder to counterfeit than paper currency.
Nabka Insight
India's move to polymer currency notes is a first and a likely banking/economy question.
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- Government approved introduction of one billion polymer banknotes
- Denominations to be ₹10 and ₹20
- RBI has said the procurement process is at an initial stage
Background
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