Mark Carney, governor of the Bank, announced the design of the £10 note at Winchester cathedral, where the author was buried after her death on July 18, 1817, at the age of 41.
It will feature Hampshire author Jane Austen and is being revealed on the 200th anniversary of her death.
THE Bank of England is issuing a new £10 polymer note later this year, following the release of the plastic fiver. The central bank attracted the ire of the vegan community past year when it emerged that the new £5 note contained a tiny amount of tallow, a substance derived from animal fat.
Then, at 2.50pm, My Friend Jane meets the super-fans, or Janeites, who revel in every detail of Austen's novels, life and Regency period. She is primarily known for books such as "Pride and Prejudice", "Sense and Sensibility", "Mansfield Park" and others.
It's a truth universally acknowledged that Jane Austen is a novelist loved across the world. But she's the third British writer to appear on the 10-pound note, joining Charles Dickens and Charles Darwin.
Rolling out the new plastic notes has not been without its problems.
While the Bank is keen to celebrate its history, Carney also stressed the new tenner will be "safer, stronger and cleaner" than the old paper notes.
"Austen's novels have a universal appeal and speak as powerfully today as they did when they were first published", Carney said in a speech.
The Austen £10 polymer note will be issued September 14.
The Bank says the latest polymer note in its stable is its best yet, including a new feature to help the blind identify it.
Micro-lettering beneath the Queen's portrait with tiny letters and numbers that are visible under a microscope.The words "Bank of England" printed in intaglio (raised ink) along the top of the note.
The use of the quote has drawn criticism online, with Twitter users taking to the platform to criticise the Bank of England for an apparent lack of research.
It will be circulated more widely across the United Kingdom later this year.
The polymer £20, featuring the artist J.M.W Turner and launching in 2020, will also have a tactile feature, but with a different pattern.