RBI to issue polymer currency notes from next fiscal: Governor Malhotra
RBI Governor Sanjay Malhotra said the Reserve Bank plans to issue polymer currency notes from the beginning of the next financial year. He clarified the project is still at a pilot stage, with the RBI testing how the notes perform under Indian climatic and infrastructure conditions before a wider rollout. It marks a shift from conventional paper banknotes.
Nabka Insight
A prospective change to India's currency — core banking and economy material.
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- Announced by RBI Governor Sanjay Malhotra.
- Polymer notes targeted from the start of the next fiscal year.
- Currently at a pilot/testing stage for Indian conditions.
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