RBI to issue polymer currency notes from next fiscal
RBI Governor Sanjay Malhotra said the Reserve Bank plans to issue polymer currency notes from the beginning of the next financial year. The effort is still at the pilot stage; the RBI will test how the polymer notes perform in Indian climatic conditions and with existing infrastructure before any wider rollout.
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A change in the physical currency itself — high-frequency banking and economy question.
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- Announced by RBI Governor Sanjay Malhotra.
- Polymer notes to be issued from the start of the next fiscal.
- Currently at the pilot stage.
- To be tested for Indian climate and infrastructure conditions.
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