Central Banking

RBI begins on a plastic note

The Reserve Bank of India is in the process of introducing plastic currency. The plan is to print polymer notes which are clear, durable and moisture, water, sweat, oil and water-proof.

The objective is to replace the normal notes which are prone to wear and tear. To start with, the RBI is experimenting with Rs 10 polymer notes. "We are running a pilot project and closely looking into the possibility of introducing polymer notes across all denominations, provided they are useful in Indian cond