(PTI)
The new Rs 200 currency note will be introduced in the market on Friday, Reserve Bank of India (RBI) said on Thursday. The new denomination has the motif of Sanchi Stupa on the reverse, with bright yellow being the base colour of the note, RBI said in a statement.
“The Reserve Bank of India will issue on August 25, 2017 Rs 200 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Urjit R. Patel, Governor, RBI from select RBI offices, and some banks,” it said.The finance ministry on Wednesday notified the issue of Rs 200 notes, making them legal tender and paving the way for their circulation.
Introduction of a Rs 200 note will fill in the “missing middle”, State Bank of India (SBI) said in a report in July. The report had noted that though there has been a significant move towards shifting distribution of currency to smaller denominations post demonetisation, there is a mismatch caused by the presence of Rs 2,000 notes right after Rs 500 notes.
