Wednesday, November 25, 2020
Home India Reserve Bank of India Launches Rs 200 Notes, Find Out Here

Reserve Bank of India Launches Rs 200 Notes, Find Out Here

This will be the first time the country sees the Rs. 200 denomination

  • On Thursday, Reserve Bank of India announced that it will be issuing new Rs 200 notes on Aug 25
  • The notes will be available at banks and RBI offices initially but not in ATMs
  • The leaked images show the new note to be bright yellow in color

Delhi, August 26, 2017: The Reserve Bank of India has launched new notes of Rs 200 on Aug 25.

Chief Economic Advisor for the State Bank of India group, Soumya Kanti Ghosh, called the new notes a “missing middle.”

Also Read: Fears of Fake New Notes: Some Quick Ways to Identify Authenticity

This will be the first time the country sees the Rs. 200 denomination. This decision of the RBI comes as a solution to reduce the burden on Rs 100 notes and to face liquidity issues.

The note will come with a picture of the Father of the Nation, Mahatma Gandhi, and will bear the signature of RBI Governor, Dr. Urjit R. Patel.

Additionally, the Sanchi Stupa Motif is at the back side of the note. The color of the note is bright yellow. The new notes will measure 66 mm x 146 mm.

Initially, the new notes will not be available at the ATM Kiosks but can only be found at some banks and RBI offices.

When India demonetized in 2016, the response was the issue of new Rs 500 and Rs 2000 notes. Rs 100 note then follows.

People faced trouble when the Rs 2000 note had to be broken down. The issue of new Rs 200 notes seeks to solve this problem. It will also help the currency system become drastically more efficient. Smoother exchange of transactions will also be facilitated through this step.


NewsGram is a Chicago-based non-profit media organization. We depend upon support from our readers to maintain our objective reporting. Show your support by Donating to NewsGram. Donations to NewsGram are tax-exempt.

Click here- www.newsgram.com/donate

STAY CONNECTED

19,120FansLike
362FollowersFollow
1,781FollowersFollow

Most Popular

Birth Control Pills May Decrease Risk of Severe Asthma

Taking birth control pills may cut the risk of severe bouts of asthma in women of reproductive age with a respiratory condition, say, researchers. The...

Lockdown Does Not Curb Rise in Greenhouse Gas Emissions: UN Report

The World Meteorological Organization reports greenhouse gas emissions in the atmosphere continue to reach record levels despite COVID-19 lockdowns. The WMO has just released its annual Greenhouse Gas...

Millennials Spend Most of The Time on Smartphones

Would you give up nearly a decade of your life looking at your cellphone? Calculated by today’s usage, the average person spends a little over...

Innovation Important For Business Performance in India

Amid the pandemic, 77 percent of Indian organizations have found innovation to be critical or important to their performance and resilience, said a Microsoft...

Climate Change Increases Risks of Diseases in Animals

Changes in climate can increase infectious disease risk in animals, with the possibility that these diseases could spread to humans, warn researchers. The study, published...

Consuming Cocoa Can Increase Mental Agility

Researchers have revealed that increased consumption of flavanols - a group of molecules that occur naturally in fruit and vegetables - can increase your...

Witnessing India’s First-Ever OTT Awards

Fans across the globe now have a chance to engage with OTT entertainment content and stars digitally; they can and also vote for their...

Tips For Taking Care of Your Hands During Winter

Here's some trivia for you, did you know that viruses cannot replicate unless they enter a living cell. Without a host cell, they are...

Recent Comments