RBI to issue polymer currency notes from next fiscal
RBI Governor Sanjay Malhotra said the central bank plans to issue polymer currency notes from the beginning of the next fiscal year. He clarified the effort is still at a pilot stage, with the notes to be tested for performance under Indian climatic conditions and the existing cash infrastructure before a wider rollout.
Nabka Insight
RBI Governor's statement on a new banknote material.
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- RBI plans to issue polymer currency notes from the beginning of the next fiscal.
- Announced by RBI Governor Sanjay Malhotra.
- Effort is currently at a pilot stage.
- Notes to be tested for Indian climate and infrastructure conditions.
Background
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