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Tuesday , 26 September 2017
Breaking News

Government approves RBI to Print 10 Rupee Plastic Notes

Government has approved Reserve Bank of India to have trial of printing 10 rupees plastic notes. Minister of State for Finance Arjun Ram Meghwal stated this information in LOK Sabha stating that plastic notes to have a lengthier life span compare to normal paper used in printing currency.

BJP government in year 2017 said that one billion plastic notes of 10 rupees will be presented in five cities, in trial phase. In five cities, Kochi, Mysore, Jaipur, Shimla and Bhubaneswar plastic notes will be started in trial phase.

10rs-plastic-note

Currency printing cost is increasing year on year, RBI mentioned, in 2010-11, 2376 crore, 2011-12, 2736 crore and in 2012-13, 2872 crore, were the expenditure figure in printing currencies.
Other than durable, plastic notes are problematic in copying therefore; it is advantage to avoid the copying of notes.

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