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Rs 200 notes to be issued on Friday: RBI

By Newsd
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Rs 200 notes to be issued on Friday: RBI
Photo: Times of India

The new Rs 200 notes will be in circulation from Friday, the Reserve Bank of India (RBI) announced on Thursday.

The Rs 200 denomination banknote in the Mahatma Gandhi (New) series will bear the signature of RBI Governor Urjit R. Patel and will be initially issued by select RBI offices and some banks.

It has the motif of the Sanchi Stupa on the reverse while its base colour is bright yellow.

The move is aimed at increasing the circulation of smaller denomination notes.

“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 RBI said in statement. The new Rs. 200 note will facilitate exchange, particularly for the common man who deals with denominations at the lower end, the RBI said.

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