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Why plastic rupee notes are a good idea?

Monday, March 20, 2017, 7:11 PM

Plastic notes have an average life span of 5 years, compared to paper notes which have a life span of just 3 years. They are stronger, much cleaner and have better security features than paper notes. Plastic notes were first issued in Australia in 1988. Today, more than 20 countries use these notes. Plastic notes have a reduced cost of production and replacement.
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What is USSD?

Friday, December 23, 2016, 12:53 PM

Unstructured Supplementary Service Data popularly called USSD, has been built by National Unified USSD Platform (NUUP). The USSD works on the voice network. This means you can use it on a basic mobile handset (feature phone) and you don’t need an internet connection. Checking your bank account balance is as simple as checking your phone’s prepaid balance.
RBI
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What are plastic currency notes?

Friday, December 23, 2016, 12:40 PM

Plastic currency notes also known as polymer notes, were first used in Australia. Australia is the pioneer of polymer notes. These plastic notes are also used in countries like Canada, Romania, New Zealand, among others. The Government of India, has informed the Parliament, that it has made a decision to print plastic currency notes. These notes would be made of plastic or polymer substrate.
RBI

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