RBI works to give banknotes a longer lease on life
The Reserve Bank of India (RBI) is exploring ways to extend the life of banknotes, including introducing polymer notes in ₹10 and ₹20 denominations for field trials. Deputy Governor Shirish Chandra Murmu highlighted potential measures like surface coatings and noted that the government approved this initiative, which aims to enhance durability without replacing existing paper currency. Implementation details are expected as trials progress.