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New Rs 200 note to be issued from today: Here is everything you need to know

The new denomination has Motif of ‘Sanchi Stupa’ on the reverse, depicting the country’s cultural heritage. The base colour of the note is bright yellow.

By: ENS Economic Bureau | Mumbai | Updated: August 25, 2017 9:38 am
new 200 note, rs 200 note, rbi, rbi new note, new rs 200 note, new currency note, photo of new rs 200 note, indian express news The Rs 200 note will be available at bank branches like the way Rs 20 and Rs 50 notes are distributed.

The Reserve Bank of India (RBI) on Thursday said it will issue new Rs 200 denomination banknotes from select RBI offices and some banks on Friday. However, experts said the new Rs 200 note may not be available through ATMs as they will have to be recalibrated to accommodate the new note.

The new denomination has 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 notes will be in the Mahatma Gandhi (new) Series, bearing the signature of RBI Governor Urjit R Patel, the RBI said.

The Rs 200 note will be available at bank branches like the way Rs 20 and Rs 50 notes are distributed. “Since the length of the new Rs 200 currency is different from the existing currency in circulation, cassette calibration is required to be done. ATM manufacturers need to do a complete testing of the new Rs 200 denomination currency and provide the parameters which need to be configured at the ATM by an engineer. At the ATM switch level, we will require to do switch configuration and complete testing of new 200 denomination currency before implementation,” Himanshu Pujara, managing director, Euronet Services India Pvt Ltd.

After the introduction of Rs 500 and Rs 2,000 notes in November-December 2016, ATMs across the country were calibrated on a war footing amid a currency shortage as close to 86 per cent of the currency in circulation was withdrawn in the wake of demonetisation of old Rs 500 and Rs 1000 notes. The ATM recalibration delayed the supply of notes, creating chaos in bank branches across the country. The introduction of a new currency denomination (Rs 200) and design is done keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting, the RBI said.

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  1. R
    rupesh mishra
    Aug 25, 2017 at 10:57 am
    This government is making fool out of people and blind bhakt is going gaga on everything..... during demonetization government said it will focus on digit transaction to end black money corruption terrorism and all the words that Modi knew.... and now it is printing new notes every now and then... some time with same number, different size, different colour, churan wala note, .. Is conversion of black money to white of BJP ambani and Adani over ?? or still general people has to face problem??
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    1. R
      Rockstar
      Aug 25, 2017 at 7:56 am
      What a double standard by the Government??On one hand it talks about cashless transactions and on the other hand introduces new banknotes to keep the economy cash based and increasing the tendency to increase black money
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      1. T
        Trollbuster
        Aug 25, 2017 at 5:57 am
        If government wants to make life easy for us it should introduce 5000 rupee notes as well as recommended by RBI in the past . Black money cannot be removed by fake demonetization propaganda . Either remove all currencies above 200 rupees or get bigger currencies in the market .
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        1. Chandra Moorthy
          Aug 25, 2017 at 5:43 am
          WHAT YOU WERE PAYING AS Rs 100/: Now YOU PAY WITH NEW /: 200/: NOTES !!!!!!!NO CHANGE BACK !
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          Adda