Plastic Currency Notes

The Reserve Bank of India (RBI) has been authorised to conduct field trials for printing plastic notes of Rs 10 denomination.This information was shared by Minister of State for Finance Arjun Ram Meghwal in a written reply with the Lok Sabha. Plastic notes will have a longer life span.

In February 2014, the government had informed Parliament that one billion plastic notes of Rs 10 denomination would be introduced in a field trial in five cities selected for their geographical and climatic diversity.

Government today informed Parliament that a decision has been taken to print plastic currency notes and procurement of material has started.

The RBI for long had been planning to launch plastic currency notes after field trials. It had also received tender bids for one billion notes.

Finance Minister Arun Jaitley on Tuesday made a case for greater use of plastic currency even as he stressed that development of new facilities at Hoshangabad and Mysore would help in reducing reliance on imports for printing of currency notes.

Plastic currency notes would be launched in India in 2015 after field trials, Reserve Bank Governor Raghuram Rajan said on Thursday.

The Reserve Bank of India's plan to put in circulation Rs 10 plastic currency notes on trial basis will be delayed as the initial bids have failed to qualify the technical criteria and the whole process will start again, according to a functionary of the apex bank.

As the Reserve Bank gears up for a trial of plastic currency notes, it has to dispose of soiled paper currency bills worth an estimated amount of over Rs 2 lakh crore a year.

Reserve Bank Governor D Subbarao today said the central bank will soon introduce on a pilot basis plastic currency notes as they have longer shelf-life.

Government will introduce 1 billion pieces of Rs 10 bank notes made of plastic on a field trial basis in five cities, Namo Narain Meena, minister of state for finance, said in Parliament on Tuesday.

Days of soiled, washed, partially torn and mutilated bank notes are numbered. By the year end, the Reserve Bank of India will come out with polymer (plastic) bank notes of Rs 10 denomination and would follow it up with plastic notes of other denominations. RBI is gearing up to issue polymer notes by the end of this year after witnessin...

The Reserve Bank of India (RBI) has been authorised to conduct field trials for printing plastic notes of Rs 10 denomination.This information was shared by Minister of State for Finance Arjun Ram Meghwal in a written reply with the Lok Sabha. Plastic notes will have a longer life span.

In February 2014, the government had informed Parliament that one billion plastic notes of Rs 10 denomination would be introduced in a field trial in five cities selected for their geographical and climatic diversity.

Government today informed Parliament that a decision has been taken to print plastic currency notes and procurement of material has started.

The RBI for long had been planning to launch plastic currency notes after field trials. It had also received tender bids for one billion notes.

Finance Minister Arun Jaitley on Tuesday made a case for greater use of plastic currency even as he stressed that development of new facilities at Hoshangabad and Mysore would help in reducing reliance on imports for printing of currency notes.

Plastic currency notes would be launched in India in 2015 after field trials, Reserve Bank Governor Raghuram Rajan said on Thursday.

The Reserve Bank of India's plan to put in circulation Rs 10 plastic currency notes on trial basis will be delayed as the initial bids have failed to qualify the technical criteria and the whole process will start again, according to a functionary of the apex bank.

As the Reserve Bank gears up for a trial of plastic currency notes, it has to dispose of soiled paper currency bills worth an estimated amount of over Rs 2 lakh crore a year.

Reserve Bank Governor D Subbarao today said the central bank will soon introduce on a pilot basis plastic currency notes as they have longer shelf-life.

Government will introduce 1 billion pieces of Rs 10 bank notes made of plastic on a field trial basis in five cities, Namo Narain Meena, minister of state for finance, said in Parliament on Tuesday.

Days of soiled, washed, partially torn and mutilated bank notes are numbered. By the year end, the Reserve Bank of India will come out with polymer (plastic) bank notes of Rs 10 denomination and would follow it up with plastic notes of other denominations. RBI is gearing up to issue polymer notes by the end of this year after witnessin...