RBI to issue polymer currency notes from beginning of next fiscal: Governor Sanjay Malhotra
Reserve Bank of India Governor Sanjay Malhotra said the central bank aims to begin issuing polymer (plastic) currency notes from the beginning of the next financial year. He stressed that the project is still at a pilot stage, and that the RBI will test how the polymer notes perform under Indian conditions, climate and existing infrastructure before any full rollout.
Nabka Insight
Polymer banknotes and the RBI Governor's name are frequent banking-awareness questions.
Powered by AIKey facts
- Announcement made by RBI Governor Sanjay Malhotra.
- Polymer notes targeted from the start of the next fiscal year.
- Project is still at a pilot stage, pending testing in Indian conditions.
Background
Relevant forBanking · SSC · State PSC · UPSC