Reserve Bank of India issues new currency of Rupees. 200

Today The Reserve Bank of India (RBI) has issued a new currency of Rupees. 200 denomination, almost ten months after Prime Minister Narendra Modi announced the government’s decision to scrap Rupees. 500 and Rupees. 1000 notes. The Rs. 200 notes are of bright yellow colour.

The new Rupees. 200 notes have been issued with the intention to make day to day transactions easier for people, since the lack of denomination between Rupees. 500-Rupees- 2000 notes, and Rupees.100- Rupees.500 often cause a problem for traders and common men alike.

The new Rupees. 200 notes may not be available at the ATMs right away, and will first be available at banks.

The latest addition to the Mahatma Gandhi (New) series bears the signature of RBI Governor Urjit Patel. It has the 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.

The obverse side of the 66 mm×146 mm note features a portrait of Mahatma Gandhi at the centre, with the denominational numeral in the Devnagari script.

Earlier on August 18, RBI released currency of Rupees. 50 denominations, which were fluorescent in colour. All the banknotes in the denomination of Rupees. 50 issued by the RBI in the earlier series will continue to be legal tender.

Last year in December, the central bank had announced the issuance of Rupees. 50 denomination banknotes in the Mahatma Gandhi Series-2005, without inset letter in both the number panels, bearing the signature of Patel and the year of printing ‘2016’ printed on the reverse of the banknote.

It added that the design and security features of the new notes will be similar to the old tender, which will continue in circulation.