RBI plans to launch polymer currency notes from early FY28
RBI Governor Sanjay Malhotra said the Reserve Bank plans to issue polymer currency notes from the beginning of the next fiscal. The effort is still at the pilot stage, with the central bank testing how the notes perform under Indian climate and infrastructure conditions before a wider rollout. Polymer notes are typically more durable and harder to counterfeit than paper-based currency.
Nabka Insight
A prospective change in India’s banknote material, announced by the RBI Governor, is a likely economy/banking question.
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- RBI targets polymer note issuance from the start of the next fiscal.
- Announced by RBI Governor Sanjay Malhotra.
- Still at pilot stage, being tested for Indian climate and conditions.
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