RBI to issue polymer currency notes from next fiscal: Governor Malhotra
RBI Governor Sanjay Malhotra said the Reserve Bank of India intends to issue polymer currency notes from the beginning of the next financial year. He clarified that the initiative is still at the pilot stage, and that the central bank will first test how the polymer notes perform in Indian climatic and infrastructure conditions before proceeding to a wider rollout.
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- RBI plans to issue polymer currency notes from the start of the next fiscal.
- Announced by RBI Governor Sanjay Malhotra.
- The project is currently at the pilot stage.
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