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Rs. 200 notes to come soon!

24-08-2017 07:00 AM | Pooja Nevewani | My Indian Dream

Rs. 200 notes to come soon! | My Indian Dream

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The new denomination will have additional security features to avoid counterfeit.

The Finance Ministry of India has officially announced the introduction of a new denomination of Rs. 200 notes to be soon issued by Reserve Bank of India.

The new notes will reach banks and Automated Teller Machines (ATM) in next week. An official government statement made was, “In exercise of the powers conferred by sub-section (1) of section 24 of the Reserve Bank of India Act, 1934 and on the recommendations of the Central Board of Directors of the Reserve Bank of India, the Central Government hereby specifies the denomination of bank notes of the value of two hundred rupees.”

Earlier the pictures of new Rs. 200 notes had hit the social media. The government has also announced the introduction of new Rs. 50 notes. The current Rs. 50 notes will remain in usage. Due to demonetization, there were problems about the shortage of new Rs. 500 notes. The introduction of Rs. 200 notes will fill the gap and make day to day transactions easy.

The new notes are claimed to have additional security features to avoid counterfeit.

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