India, Aug. 11 -- The government has approved 2 billion polymer banknotes for field trials, comprising one billion each in 10 and 20 denominations. The RBI plans to issue the polymer notes alongside paper-based currency, with wider circulation dependent on successful trials and evaluation of durability, performance and other factors.

Key Highlights:

Government approves 2 billion polymer notes for field trials. Trials will cover 10 and 20 denominations. RBI plans to issue polymer and paper-based notes together. Wider circulation could begin after successful trials and evaluation. New Delhi, Aug 11: The government has approved the Reserve Bank of India's proposal to introduce 2 billion polymer banknotes for field trials, comprising one b...