- The Reserve Bank of India will issue the new note of Rs 200 denomination on Friday
- In an official statement, the central bank said the base colour of the note will be bright yellow
- The note will also have a motif of the Sanchi Stupa on the reverse side
NEW DELHI: The Reserve bank of India (RBI) will trouble the Rs 200 rupees denomination banknotes today. The foreign money word is predicted to address liquidity difficulty and also lessen the burden on the Rs 100 note.
“The Reserve bank of India will problem on August 25, Rs 200 denomination banknotes inside the Mahatma Gandhi (New) collection, bearing signature of Dr. Urjit R. Patel, RBI Governor,” RBI stated in a release.
“The new denomination has Motif of Sanchi Stupa at the opposite. the base colour of the note is vivid Yellow. The observe has different designs, geometric patterns aligning with the overall colour scheme, each on the obverse and opposite,” RBI stated.
The move of the brand new word is in all likelihood to bridge the shortage of small currency denomenation notes which have faced a shortage after advent of Rs 2000 note and demonetisation of Rs 500 and Rs 1000 notes. RBI additionally expects the new note to be very popular as there is no other denomination among Rs 100 and Rs 500 notes.
features of the new Rs. 200 note
- The new 200 rupees notes are of the size 66 mm x 146 mm.
- The base colour of the new note is bright yellow.
- After a new policy on theme-based currency, the 200-rupee notes have a motif of the Sanchi Stupa monument, depicting India’s cultural heritage, besides the Ashoka Pillar emblem.
- The notes have a portrait of Mahatma Gandhi at the centre with Rs. 200 inscribed on the note in colour-changing ink.
- There is a security thread with inscriptions ‘Bharat’ and RBI. The colour of the thread changes from green to blue when the note is tilted.
- For the visually-impaired, the Mahatma Gandhi portrait and Ashoka Pillar emblem are raised, besides other special features.
- The new notes also have a logo of Swachh Bharat or Prime Minister Narendra Modi’s “Clean India” campaign.
- The plan for Rs. 200 notes for the first time in history was cleared by the Finance Ministry; the design has reportedly been approved by the Prime Minister’s Office.
- Earlier, new Rs. 2,000 and Rs. 500 notes were introduced to ease the cash crunch faced by millions across the country.
- The Rs. 200 notes will resolve problems people face because of the high-value Rs.2,000, the government says.