Govt clears RBI pilot for 2 billion Rs 10 and Rs 20 polymer notes
The Finance Ministry has approved RBI field trials of one billion polymer Rs 10 notes and one billion polymer Rs 20 notes. The notes will circulate alongside paper currency; any broader rollout will depend on trial results and regular-circulation feedback.
The Finance Ministry approved RBI field trials of one billion each of Rs 10 and Rs 20 polymer notes. The notes will circulate alongside paper currency, with digital-payment effects to be assessed only after regular circulation.
Why this matters
The approval follows RBI's exploration of polymer ₹10 and ₹20 notes and its printing arm's tender for polymer substrates, advancing preparations for a potential shift in cash handling.
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