Government approves introduction of one billion polymer banknotes of ₹10 and ₹20
The government approved the 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. The move marks India's adoption of polymer substrate for its lower-denomination currency notes.
Nabka Insight
A change in banknote material for specific denominations — the denominations and quantity are examinable.
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- One billion polymer banknotes approved, in ₹10 and ₹20 denominations.
- RBI says the procurement process is at an initial stage.
Background
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