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Rediff News  All News  » Getahead » 10 rupee notes to soon become history!

10 rupee notes to soon become history!

Last updated on: January 13, 2013 09:02 IST

10 rupee notes to soon become history!

Noopur Runjhun

Seems it is time that like 10 paise coin and 'chawanni' (25 paise coin) and that good old one rupee note, your friendly 10 rupee note may soon become history!

That is true. Reserve Bank of India, the Godfather of Indian money has decided to phase out the 10 rupee notes and replace them with the 10 rupee coins.

10 rupee coins -- those quirky, double coloured discs, we had never taken seriously will replace the 10 rupee note. While these coins have been in circulation since 2009, they were well, as we said, never taken seriously.

The life of paper notes, according to RBI is only 9 to 10 months which is why they are being replaced by coins that are way more long lasting.

Time to start stocking the 10 rupee notes. They will soon have antique value!

Image: The ten rupee note