Government approves trial of Rs 10 and 20 plastic notes; will the old paper notes be discontinued? Find out
This step is being taken specifically to enhance the durability and extend the lifespan of low-denomination notes. According to the RBI, notes of lower denominations like Rs 10 and Rs 20 see heavy usage. Consequently, they change hands frequently and tend to wear out quickly. Polymer notes represent an experimental step toward addressing this issue.