RBI Considers Polymer Banknotes to Enhance Durability, Security and Cost Efficiency
Bhubaneswar: The Reserve Bank of India (RBI) is exploring the possibility of introducing polymer banknotes, potentially beginning with ₹10 and ₹20 denominations, in a move aimed at reducing currency replacement costs and improving the durability of notes in circulation. Polymer banknotes are made from a specialized plastic substrate rather than traditional cotton-based paper. These notes…