It has been decided by the Government of India and the RBI to introduce one billion pieces of Rs. 10 notes in polymer/plastic on a field trial basis. The field trial will be conducted in five cities viz. Kochi, Mysore, Jaipur, Bhubaneswar and Shimla with varied geographical locations and climatic conditions.

Reserve Bank of India has informed that while the primary objective of introduction of polymer notes is to increase its life, it could also help in combating counterfeiting.

This was stated by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in Rajya Sabha today.

DSM/RS/rs

(Release ID :93507)

Polymer currency introduction launches a targeted field trial in select cities to extend note life and deter counterfeiting. The Government of India and the Reserve Bank of India will conduct a field trial issuing one billion polymer/plastic ten-rupee notes across five cities-Kochi, Mysore, Jaipur, Bhubaneswar and Shimla-to assess durability and potential to combat counterfeiting, as announced by the Minister of State for Finance.