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India’s Government to Launch Another New Note – This Time it’s Rs 200 Notes

new-Rs-200-note-India

RBI released the new bright yellow color ₹Rs 200 note for the citizens of India. ₹Rs. 200 notes hit the market just a day after the finance minister gave go-ahead signal to the Reserve Bank of India to issue the new currency bill.

New ₹Rs. 200 notes will enter the banking system today. The central bank have welcomed this decision of the Government and said that the  ₹Rs. 200 notes will act as a “missing link” and make it easier for people to transact in lower denomination currency.  It will be a great decision for bringing a more convenient efficiency into the system.

Following the demonetisation of ₹Rs. 1,000 and ₹Rs. 500 notes last November, the central bank had introduced ₹Rs. 2,000 notes and new ₹Rs. 500 notes. This increased pressure for the low-valued notes, thereby giving rise to the need of a new low-valued note launch.

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And the Government knows the nerve of the country’s needs very well. The launch of the fourth new-note has came as a big relief for people who want a low-valued transaction. People were eagerly waiting for this move.

“The Reserve Bank of India will issue on August 25, 2017  ₹Rs. 200 denomination banknotes in the Mahatma Gandhi (new)Series, bearing signature of Urjit R Patel, Governor, Reserve Bank of India from select RBI offices, and some banks,” RBI said in a press release.

The new note will be in a dimension of 66mmX146mm. “It will carry 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 front side of the note”, RBI said.

“For the 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 slogan and the Sanchi Stupa motif”, RBI added.

Whole country has welcomed this step and people are feeling relaxed now that soon they will have the newly launched note in their hands, thanks to RBI and the Government.

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