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Rs 200 banknotes to be available from tomorrow: RBI

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The Reserve Bank of India (RBI) will issue the new Rs 200 denomination currency notes tomorrow.

These notes are said to be a new addition in the Mahatma Gandhi (New) Series.As per the latest developments, the note is bright yellow in colour.

This banknote is said to be the third addition to the new banknote series, introduced by the central bank since the launch of Rs 2000 and Rs 500 banknotes during the demonetisation drive.

Recently media also reported the introduction of Rs 50 currency note.

“The new denomination has motif of Sanchi Stupa (a Buddhist archaeological site) on the reverse, depicting the country’s cultural heritage. The base colour of the note is bright yellow,” the RBI said in a press note.

Earlier reports suggested that the banknote of Rs 200 will be launched in September but the apex body cleared all such rumours yesterday through its press release.

According to the sources, the central bank is working hard to eliminate black marketing and is compiling a stack of about 50 crore notes of the new denomination to avoid any scarcity or possibility of the illegal trade.

The motive behind the introduction of  Rs 200 currency notes is curb counterfeiting.

The launch of Rs 20 currency notes is also doing rounds in media.

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