The Union Government on Wednesday morning confirmed that it will soon be releasing the new Rs 200 notes. The new currency notes will be issued by the Reserve Bank of India (RBI). While no immediate date was made known, the new denomination could well hit ATMs and banks as early as next week.”In exercise of the powers conferred by sub-section (1) of section 24 of the Reserve Bank of India Act, 1934 and on the recommendations of the Central Board of Directors of the Reserve Bank of India, the Central Government hereby specifies the denomination of bank notes of the value of two hundred rupees,” an official government notification said.
Since there are no denomination notes between Rs 100 and Rs 500, the RBI is expecting the new Rs 200 currency note to be an instant hit among the people. As soon as the new Rs 200 note was confirmed by the RBI, an image of it has gone viral on the internet. However, FinancialExpress.com cannot verify the authenticity of the image.
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. “The new 200 notes will carry advanced security features. The authorities are taking extra precaution to prevent counterfeiting,” an official aware of the printing schedule had said, as per the Indian Express report.
Along with the new Rs 200 note, the government has also confirmed a new Rs 50 note. The earlier Rs 50 notes will continue to remain legal tender. The new Rs 50 notes are in the Mahatma Gandhi (New) Series, bearing the signature of Dr Urjit R. Patel, Governor, Reserve Bank of India. The new note has the motif of Hampi with Chariot on the reverse, depicting the country’s cultural heritage.