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. He noted the effort is still at a pilot stage, and the central bank will test how the polymer notes perform under Indian climate and infrastructure conditions before a wider rollout.
Nabka Insight
A change in India's currency material announced by the RBI Governor — examinable in banking and economy.
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- RBI plans polymer currency notes from the start of the next fiscal
- Announced by RBI Governor Sanjay Malhotra
- Effort is still at the pilot/testing stage
Background
Relevant forBanking · SSC · State PSC · UPSC