Government approves one billion polymer banknotes of ₹10 and ₹20
The Government has approved the introduction of one billion polymer banknotes in the denominations of ₹10 and ₹20. The Reserve Bank of India has informed that the procurement process for these polymer notes is presently at an initial stage, marking India’s move towards more durable currency material.
Nabka Insight
India’s first move to polymer currency, with defined denominations and quantity.
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- One billion polymer banknotes approved.
- Denominations: ₹10 and ₹20.
- Procurement process is at an initial stage, per the RBI.
Background
Relevant forBanking · SSC · State PSC · UPSC