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Recent Current Affairs related to RBI Act

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3 August 2026 BANKING

The Government of India has approved the RBI proposal to conduct field trials of polymer banknotes in ₹10 and ₹20 denominations. The trial involves introducing 100 crore banknotes of each denomination, amounting to a total value of ₹3,000 crore.

This proposal was submitted by the RBI, upon the recommendation of its Central Board, in accordance with Section 25 of the Reserve Bank of India Act, 1934. It is to be noted that polymer banknotes are printed on non-fibrous and non-porous polymer material.

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