Introduction of plastic currency of higher denomination
It has been decided to conduct a field trial with plastic banknotes in Rs. 10/- denomination at five locations of the country. Approval for procurement of plastic substrate and printing of bank notes of Rs. 10 denomination on plastic banknote substrates has been conveyed to RBI. Since the proposal to introduce the plastic banknotes is at a trial stage, the decision on replacement of currency notes with plastic notes will depend on the outcome of field trial.
The above statment given by the Minister of State for Finance Shri Arjun Ram Meghwal in the Rajya Sabha on 11.4.2017.