Introduction of Plastic Notes
Press Information Bureau
Government of India
Ministry of Finance
Government of India
Ministry of Finance
28-November-2014 17:16 IST
Introduction of Plastic Notes
It
 has been decided by the Government to introduce plastic notes in the 
denomination of Rs. 10/-. One billion plastic notes of the denomination 
of Rs. 10/- will be introduced in a field trial in five cities selected 
for their geographical and climatic diversity. The primary objective of 
introduction of polymer/plastic notes is to increase its life and not to
 combat counterfeiting. The cities selected for field train are Kochi, 
Mysore, Jaipur, Shimla and Bhubaneswar.
The Reserve Bank of India has informed that since the proposal is at a trial stage, the decision on replacement of currency notes with plastic notes will depend on the outcome offield trial.
This
 information was given by the Minister of State for Finance, Shri Jayant
 Sinha in written reply to a question in Lok Sabha today. The Reserve Bank of India has informed that since the proposal is at a trial stage, the decision on replacement of currency notes with plastic notes will depend on the outcome offield trial.
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Press Information Bureau
Government of India
Ministry of Health and Family Welfare
Government of India
Ministry of Health and Family Welfare
