Soon people can see new polymer i.e. plastic notes of ₹ 10 and ₹ 20. The Central Government has approved the proposal of the Reserve Bank of India (RBI), under which field trials of these notes will be done first and if successful, they will be issued regularly.
Minister of State for Finance Pankaj Chaudhary told Parliament on Monday that if the field trial is successful, the Reserve Bank of India (RBI) will issue polymer notes of ₹10 and ₹20 regularly. In a written reply to a question in the Lok Sabha, Pankaj Chaudhary said that a proposal was sent to the government under Section 25 of the Reserve Bank of India Act, 1934 on the recommendation of the Central Board of Directors of RBI.
In this proposal, permission was sought to issue 100-100 crore polymer notes of ₹10 and ₹20 for field trials. It was also proposed that if the field trial is successful, then polymer notes of both these denominations should be brought into regular circulation. Pankaj Chaudhary said that the government has approved this proposal of RBI.
update in progress…
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