The Reserve Bank of India is set to launch a pilot project for ₹10 and ₹20 banknotes made of polymer. According to a Moneycontrol report, these plastic notes are designed to be more durable against moisture, dirt, and wear. If the trial proves effective, the initiative might expand to include higher currency denominations. These specific denominations were selected for the test because they see heavy circulation, are primarily issued through bank branches rather than ATMs, and carry a lower financial risk.
by shortkt.com✓