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 of field 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 of field trial.
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