Introduction of Plastic Notes

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....ntroduction of Plastic Notes <br>News and Press Release<br>Dated:- 29-11-2014<br><BR>It has been decided by the Government to introduce plastic notes in the denomination of &#8377; 10/-. One billion p....

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....lastic notes of the denomination of &#8377; 10/- will be introduced in a field trial in five cities selected for their geographical and climatic diversity. The primary objective of introduction of pol....

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....ymer/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 infor....

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....med 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....

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.... of State for Finance, Shri Jayant Sinha in written reply to a question in Lok Sabha.<BR> News - Press release - PIB....