Centre approves field trials of 1 bn plastic ₹10 and ₹20 notes

The government has approved the introduction of one billion polymer banknotes of ₹10 and ₹20 for field trials. RBI had sent a proposal to the government for the regular issuance of polymer banknotes in these two denominations after the successful completion of field trials. The polymer notes will be issued alongside existing paper substrate-based banknotes, rather than replacing them entirely.