New Rs 200 note will be rolled out by RBI beginning August 25

The new Rs 200 note is here. The Reserve Bank of India (RBI) said that the new note will be available to people from Friday.The bright yellow-coloured note has the signature of RBI governor Urijit Patel. The new denomination has Motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage, a statement by the RBI said.The circulation of the new note is likely to bridge the shortage of small currency denomenation notes that have faced a shortage after an introduction of Rs 2000 note and demonetisation of Rs 500 and Rs 1000 notes. RBI also expects the new note to be very popular as there is no other denomination between Rs 100 and Rs 500 notes.

The bright yellow coloured Rs. 200 notes will hit the market just a day after the finance minister gave go-ahead to the Reserve Bank of India or RBI to issue the new currency bill.

Among prominent features, the Rs. 200 banknote will carry the portrait of Mahatma Gandhi at the centre and the denominational numeral “200” with rupee symbol in colour changing ink – green to blue – on the bottom right on the obverse (front) side of the note, RBI said. For visually impaired, the front side of the note will have intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, raised identification mark ‘H’ with micro-text Rs. 200, four angular bleed lines with two circles in between the lines both on the right and left sides.

The reverse side of the note will carry a Swachh Bharat logo with the slogan and the Sanchi stupa mufti, RBI said.

The new note will be in a dimension of 66mmX146mm.

RBI said the 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.

 

 

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