RBI gets nod to test ₹10, ₹20 polymer notes
The Indian government approved the Reserve Bank of India's (RBI) proposal to conduct field trials for ₹10 and ₹20 polymer banknotes, with no plans to replace existing paper currency. Minister of State for Finance Pankaj Chaudhary stated that the RBI aims to introduce one billion pieces of each denomination, pending successful trials. The introduction of polymer notes will not affect digital payments, as both forms of currency will coexist.