New Delhi: To help fill the vast demand for cash after demonetization, a new Rs 200 denomination banknotes will be introduced in the country from Friday (August 25), the Reserve Bank of India (RBI) has announced today.
It will be the third new banknote introduced by the central bank since the November 8 demonetisation of the earlier Rs 500 and Rs 1000 notes.
The move was cleared by the Finance Ministry and the design has been released by the RBI.
RBI reportedly decided to bring in 200-rupee notes in March, after consulting with the Finance Ministry. The notes are going through multiple checks for security and quality at the printing press.
“The new denomination has motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage. The base colour of the note is Bright Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse,” RBI said in a statement on Thursday.