The apex bank has initially decided to introduce 100 crore pieces of Rs 10 polymer notes, for which it has floated a global tender, a senior central bank official said.
THESE POLYMER WILL HAVE LIFE TIME PERIOD OF 5 YEARS (approx)WITHOUT ANY DAMAGE….
Plastic sheets used in printing notes are much thinner than paper used in printing currency notes
PAPER NOTES HAVE THE LIFE SPAN OF 1 YEAR…
BUT IN CASE OF POLYMER NOTE AVERAGE LIFE PERIOD IN 5 YEARS…….
* Normal security features applied on paper notes can also be applied on plastic notes. The application of printing ink on the surface is almost same as the paper. New security feature available in polymer notes is the transparent window which makes it too difficult to counterfeit.
Countries that are fully using polymer notes are: Romania, Vietnam, Australia, Bermuda, Brunei, New Zealand and Papua New Guinea.
These notes are more durable and are going to be a challenge for counterfeiters!!!