One billion polymer bank notes of Rs.10/- are to be introducated shortly. To increase life of the notes, the government has decided to introduce on a trial basis.

To increase the life of bank notes, the Government has decided to introduce 1 billion pieces of polymer banknotes in Rs. 10/- denomination on trial basis. The RBI has initiated the process of purchase of polymer notes on trial basis. Polymer notes are being introduced in Rs. 10/- denomination, where the incidence of counterfeiting is negligible.

This information was given by Minister of State for Finance, Shri Namo Narain Meena in written reply to a question raised in Lok Sabha.