New Delhi, March 14:
It has been decided by the Government of India and the RBI to introduce one billion pieces of Rs. 10 notes in polymer/plastic on a field trial basis.
The field trial will be conducted in five cities — Kochi, Mysore, Jaipur, Bhubaneswar and Shimla with varied geographical locations and climatic conditions.
Reserve Bank of India has informed that while the primary objective of introduction of polymer notes is to increase its life, it could also help in combating counterfeiting.
