Thursday, 24 August 2017

200 Rs Note: RBI Issues New 200 Rupees Note Tomorrow

New 200 Rs Note

The new 200 Rs note will be issued on Friday, India's central bank, the Reserve Bank of India (RBI) announced in a press release on Thursday.

The height of the note would be the same as the new Rs 500 notes that were issued post demonetisation. However, the width will be much less. "Dimension of the banknote will be 66 mm x 146 mm," the RBI said.

The base colour of the 200 rs note is bright yellow, reminiscent of the now discontinued Rs 2 note.

200 rs note

"The Reserve Bank of India will issue on August 25, 2017 ₹ 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India from select RBI offices, and some banks. The new denomination has Motif of Sanchi Stupa on the reverse, depicting the country's cultural heritage," the release said.

Latest 200 Rs Note

The circulation of the new note is likely to bridge the shortage of small currency denomenation notes that have faced a shortage after 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 Union government on Wednesday confirmed that a new 200 rs notewill be issued by the Reserve Bank of India. The new denomination will hit ATMs and banks beginning August 25.
The Reserve Bank of India (RBI) will issue bright yellow-coloured Rs 200 denomination banknotes on August 25, the central bank today said.
new 200 rs note
In a notification, the banking regulator said, new Rs 200 notes will be issued “in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R Patel, Governor, Reserve Bank of India from select RBI offices, and some banks”.
The new denomination has Motif of Sanchi Stupa (from Madhya Pradesh) on the reverse, depicting the country’s cultural heritage. "The base colour of the note is Bright Yellow,” RBI said on its website.
“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,” RBI said.
Post demonetisation in November 2016, RBI had introduced new Rs 500 notes and for the first time Rs 2,000 denomination notes. Reports have suggested that Rs 2000 notes will be gradually phased out.
Initially, the new 200 rs notewill not be available at ATM kiosks. Disbursing the note through ATMs will need recalibration. The notes, thus, will be disbursed through bank branches across the country, just like the Rs 10, Rs 20, Rs 50 and coins of other denominations.

Salient Features of 200 Rs Note:

- On the front
It has see-through register with denominational numeral 200, also written in Devnagari, has a portrait of Mahatma Gandhi at the centre, Micro letters of ‘RBI’, ‘भारत’, ‘India’ and ‘200’.
Dimension of the 200 Rs note banknote will be 66 mm × 146 mm.
200 rupees note
It also has windowed security thread with inscriptions ‘भारत’ and RBI with colour shift. Colour of the thread changes from green to blue when the note is tilted.It further has Mahatma Gandhi portrait and electrotype (200) watermarks and a number panel with numerals growing from small to big on the top left side.
On the back
It has Motif of Sanchi Stupa, Swachh Bharat logo with slogan, the year of printing of the note on the left and the denominational numeral २०० in Devnagari.
For visually impaired
It has intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, raised identification mark H with micro-text ₹200, four angular bleed lines with two circles in between the lines both on the right and left sides.

To ease facilitating exchange

Moreover, RBI said that to achieve the optimal system of currency that would minimize the number of denominations while increasing the probability of proffering exact change, especially at the lower end of denominations, there is a logical need to introduce the missing denomination of Rs 200, which will make the present currency system more efficient. Provision of the new denomination, therefore, would facilitate exchange, particularly for the common man who deals with denominations at the lower end, it added.
new 200 rupees note

Features of New 200 Rs Note
Ø  The banknotes are of the size 66 mm x 146 mm
Ø  The new notes have a motif of the Sanchi Stupa monument, depicting India's cultural heritage, besides the Ashoka Pillar emblem.
Ø   The base colour of the note is bright yellow.
Ø  The notes have a portrait of Mahatma Gandhi in the centre with Rs. 200 inscribed on the note in colour-changing ink. 
Ø  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.
Ø  For the visually-impaired, the Mahatma Gandhi portrait and Ashoka Pillar emblem are raised, besides other special features.
Ø  The new notes also have a logo of Swachh Bharat or Prime Minister Narendra Modi's "Clean India" campaign.
Ø  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.
Ø  This is the fourth new note to be announced since November, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes to choke tax evaders.
Ø  New Rs. 2,000 and Rs. 500 notes were introduced to ease the cash crunch faced by millions across the country.
Hope you will understand features of 200 Rs Note which is issued by Reserve bank of India tomorrow. Stay connected with us for latest news and 200 rs note updates. 


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