India is likely to move away from traditional paper currency as the Reserve Bank of India prepares to introduce plastic bank notes in the near future. According to the RBI Governor Sanjay Malhotra, the proposal, first made by the central bank 10 years ago, is now in its initial phase. The shift comes mainly due to the high cost of printing paper notes and the need for more durable currency. Under the plan, ₹10 and ₹20 denomination notes will be the first to be issued in polymer, or plastic. These notes will initially be rolled out on a pilot basis in select cities across the country. If the trial proves successful, plastic notes will be introduced nationwide. The new notes will be waterproof and more resistant to wear and tear, allowing them to last much longer than paper currency. This durability is expected to reduce replacement costs and improve hygiene, as polymer notes are less likely to absorb dirt and moisture. Post navigation Summer Vacation May Be Extended: ରାଜ୍ୟରେ ବଢ଼ିପାରେ ଖରା ଛୁଟି ଅବଧି World Environment Day: Kangana Ranaut Plants Sapling at Odisha CM’s Residence
