RBI to issue Rs 200 note from tomorrow; Here's how it looks, features
The Rs 200 notes is the only missing currency in lower end of denomination series as per RBI - which is why it will issue this banknotes from August 25, 2017.
Key Highlights:
- RBI to introduce Rs 200 notes from August 25
- Rs 200 bears signature of Urjit Patel, Governor, RBI from select RBI offices, and some banks
- Rs 200 notes added into the lower end of denomination series
The Reserve Bank of India on Thursday said that it will issue Rs 200 denomination bank notes in the Mahatma Gandhi (New) Series on August 25, 2017.
Introduction of this new currency and design has been brought in consideration of various factors like ease of transaction for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.
RBI in its circular said, “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.
Here's how the Rs 200 denomination banknotes look like.
Rs 200 notes has Motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage. Base colour of the note is bright yellow.
It has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.
Obverse (Front)
- See through register with denominational numeral 200
- Latent image with denominational numeral 200
- Denominational numeral २०० in Devnagari
- Portrait of Mahatma Gandhi at the centre
- Micro letters ‘RBI’, ‘भारत’, ‘India’ and ‘200’
- 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
- Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait
- Denominational numeral with Rupee Symbol, ₹ 200 in colour changing ink (green to blue) on bottom right
- Ashoka Pillar emblem on the right
- Mahatma Gandhi portrait and electrotype (200) watermarks
- Number panel with numerals growing from small to big on the top left side and bottom right side
Reverse (Back)
- Year of printing of the note on the left
- Swachh Bharat logo with slogan
- Language panel
- Motif of Sanchi Stupa
- Denominational numeral २०० in Devnagari
Dimension of the banknote will be 66 mm × 146 mm
It was known that RBI has already placed a printing order for the making of Rs 200 notes starting July 2017.
In India, we have currency denominations of Rs 1, 2, 5, 10, 20, 50, 100, 500 and 2000. As such, in the lower end of the denomination series, Rs 200 is the missing one, stated RBI.
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01:36 PM IST