Suraj's Post

India may soon get a completely new type of currency. 💵 RBI is reportedly considering polymer banknotes as a replacement for traditional paper notes, with ₹10 and ₹20 denominations expected to be introduced first. Why does this matter? • Polymer notes last much longer • They are harder to tear and damage • Better security features can help reduce counterfeiting • Lower replacement costs can save thousands of crores over time The interesting part is that India tested polymer notes before, but the idea never scaled nationwide. Now, with improved technology and rising currency printing costs, the plan is back in discussion. More than 60 countries already use polymer currency. If implemented, this could become one of the biggest changes to India’s cash system in years. 💰

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This post was published on 31st May, 2026 by Suraj on his Instagram handle "@myfintaxofficial (MYFINTAX | Finance & Tax Educator | CA Suraj Soni)". Suraj has total 241.1K followers on Instagram and has a total of 3.1K post. Suraj receives an average engagement rate of 0.94% per post on Instagram. This post has received 133 comments which are greater than the average comments that Suraj gets. Overall the engagement rate for this post was lower than the average for the profile.