Government approves one billion polymer banknotes of ₹10 and ₹20
The government approved the introduction of one billion polymer banknotes in ₹10 and ₹20 denominations. The RBI informed that the procurement process is currently at an initial stage. Polymer notes are more durable and harder to counterfeit than paper currency, marking a shift in the banknote material used for India's lower denominations.
The Hindu