RBI to Trial Rs 10, Rs 20 Plastic Notes Worth Rs 3,000 Crore

RBI to Trial Rs 10, Rs 20 Plastic Notes Worth Rs 3,000 Crore

The Reserve Bank of India has proposed the introduction of 100 crore pieces of Rs 10 and Rs 20 plastic notes each, worth a total of Rs 3,000 crore, for field trials. The proposal has been sent to the Centre for approval. The RBI has recommended the introduction of polymer banknotes in these two denominations after successful completion of the field trials. The Centre has not yet given its approval for the proposal. The RBI has assured that it will take all necessary steps to ensure the smooth introduction of the new notes. The field trials are expected to begin soon, and the RBI has promised to keep the public informed about the progress of the trials. The proposal is seen as a step towards reducing the use of paper notes and promoting the use of plastic notes.