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RBI Plans Pilot Issue of 2 Billion Polymer Notes in Rs 10 and Rs 20 Denominations

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The Reserve Bank of India is set to introduce polymer-based banknotes in Rs 10 and Rs 20 denominations as part of a large-scale trial. The pilot will involve issuing 100 crore notes of each denomination, bringing the total to 200 crore polymer banknotes. The combined face value of these notes amounts to approximately Rs 3,000 crore. Existing paper currency in these denominations will continue to remain legal tender alongside the new polymer notes.

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RBI Plans Pilot Issue of 2 Billion Polymer Notes in Rs 10 and Rs 20 Denominations · ShortSingh