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Rs 200 note to be launched on August 25, Says RBI

RBI

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.

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