Plastic Notes of 10 Rupees ? : Coming Soon

Plastic Notes of 10 Rupees ? : Coming Soon

 

Minister of State for Finance Arjun Ram Meghwal said that the RBI has been authorized to conduct field trials of plastic notes of Rs 10 that have a longer life span. Approval for procurement of plastic substrate and printing of bank notes of Rs 10 denomination on plastic banknote substrates has been given to the RBI.

Plastic notes are expected to last longer than cotton substrate based banknotes. Over the years, central banks across the world have been exploring different solutions in banknote substrates for extending the life cycle of banknotes.

Almost two week back, the Reserve Bank (RBI) had announced to issue Rs 10 denomination notes with enhanced security features for circulation.

The Indian 10-rupee banknote is a common denomination of the Indian rupee. The 10 rupee note was one of the first notes introduced by the Reserve Bank of India as a part of the Mahatma Gandhi Series in 1996, which is presently in circulation.

 Very soon we would be spared of the tearing and melting of the notes kept in the pockets.