Friday, 25 August 2017

New Rs 200 currency notes will be issued by the Reserve Bank of India

New Rs 200 currency notes will be issued by the Reserve Bank of India (RBI) The news was confirmed by RBI through a press release on Thursday morning. The release stated that the new Rs 200 banknotes will be in the Mahatma Gandhi (New) Series, bearing the signature of Dr Urjit R. Patel, Governor, Reserve Bank of India. Just like the new Rs 50 note, this too will have motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage.

The RBI has decided to keep the base colour of the new note as bright yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. In another press release, the RBI said this decision was taken keeping in mind factors like the ease of transactions for the common man and replacement of soiled banknotes.  
     Introduction of a new currency denomination and design is done keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting,” the statement read.
New Rs 200 currency note may not be available in ATMs today

Read Full News by News Paper Cutting Below Images

The new currency note is expected to ease the transaction process. The news comes just a few days after the image of new Rs 50 currency note was released by the RBI. The new Rs 200 note will help in day-to-day transactions and will replenish the reduction in Rs 500 notes following the demonetisation move by the Union government on November 8 last year.

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