RBI to issue polymer currency notes from beginning of next fiscal: Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said the Reserve Bank plans to issue polymer currency notes from the beginning of the next fiscal year. He noted the initiative is still at the pilot stage, and the notes will be tested for how they perform in Indian climate and infrastructure conditions before a wider rollout.
Nabka Insight
A change in the physical form of Indian currency, announced by the RBI Governor — examinable on the who, what and when.
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- RBI to issue polymer (plastic) currency notes from the start of the next fiscal year.
- Announced by RBI Governor Sanjay Malhotra.
- Currently at the pilot stage, to be tested for Indian conditions.
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