RBI to introduce Rs 10 plastic notes in 5 cities
Government and the RBI have decided to launch one billion pieces of Rs 10 bank notes made of plastic on a field trial basis in 5 cities viz. Kochi, Mysore, Jaipur, Bhubhaneswar and Shimla.
- Why this measure?
Primary goal of introduction of polymer notes is to increase its life, it could also help in combating counterfeiting.