Are these paper notes going to be discontinued? Know the 5 big rules that will change from June 1! Videos

RBI New Currency Update: Reserve Bank of India is going to surprise people once again. The reason is the new notes in your pocket, the paper notes which you are currently carrying for payment, it is being speculated that in the coming days, these notes will be changed and they will be replaced by notes made of plastic. On one hand, India is rapidly moving towards digital payments. UPI has made records, payment through mobile has become common but now the surprising thing is that even in this era of Digital India, the demand for cash is continuously increasing. That means people are also making online payments. And also want to keep cash. In view of this increasing demand, now the Reserve Bank of India i.e. RBI has revived an old proposal. Actually that proposal is polymer i.e. plastic bank note.

Why the need for plastic notes?

According to reports, this issue has been discussed in the recent board meetings of RBI. And a pilot project can be started soon. Now the question is why is there a need for plastic notes? Have to change. And this work is very costly for the government and RBI.

Huge increase in expenses compared to last year!

About Rs 6373 crore was spent on printing notes and their security in FY25. That means there was a huge increase in expenses as compared to last year. Now plastic notes can provide relief to RBI. Because these notes are stronger, do not get spoiled by water, do not burst easily and their life is many times longer than paper notes. That means if a note lasts longer, fewer new notes will have to be printed. Government expenditure may also decrease. Now the question is whether plastic notes will be able to be dispensed from ATM? Watch this video to know the complete news