Rs 200 notes coming soon, RBI places printing orders: Report

Soumya Kanti Ghosh said, "For day-to-day transaction purposes, the introduction of 200 rupee notes will add to the ease of operations. The introduction of 200 rupee notes will replenish the missing middle, triggered by the withdrawal of the old series of 500 rupee notes."

By: Express Web Desk | New Delhi | Published:July 4, 2017 1:56 pm
RBI, new notes, rs 200 notes, demonetisation, remonetisation, note ban, currency ban, reserve bank of india, how to deposit old notes, black money, indian express news, india news, business news Earlier in the day, Supreme Court asked Centre to give genuine cases who were not able to deposit old currency notes in time, ‘another chance’.

The Reserve Bank of India is set to introduce Rs 200 notes. According to news agency ANI, a top government official, who was involved in the decision-making process, said, “Printing order (for Rs 200 notes) has been placed.” The decision to introduce new notes was taken by the RBI with the consultation of Finance Ministry in March. Earlier in the day, the Supreme Court asked the Centre to give genuine cases who were not able to deposit old currency notes in time, ‘another chance’. Earlier in the day, the Supreme Court asked the Centre to allow genuine cases who were not able to deposit old currency notes of Rs 50-0 and Rs 100o in time, ‘another chance’.

On November 8 last year, the Centre government announced that Rs 500 and Rs 1000 notes would no longer be a legal tender from November 9. The government had also introduced new Rs 2,000 and Rs 5,000 notes and kept the old Rs 100 notes as a legal tender.

According to a report in Economic Times, Soumya Kanti Ghosh, group chief economist at the SBI Group,  “For day-to-day transaction purposes, the introduction of 200 rupee notes will add to the ease of operations. The introduction of 200 rupee notes will replenish the missing middle, triggered by the withdrawal of the old series of 500 rupee notes.”

“The new 200 notes will carry advanced security features. The authorities are taking extra precaution to prevent counterfeiting,” a source aware of the printing schedule said.

 

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  1. V
    vihari naidu
    Jul 4, 2017 at 8:07 pm
    Dedicate it to the 200 people who died during demonetisation.
    Reply
    1. V
      vihari naidu
      Jul 4, 2017 at 8:05 pm
      Hope they dedicate the note to 200 people who died during demonetisation
      Reply
      1. K
        KS KUMAR
        Jul 4, 2017 at 9:40 pm
        Why this cannot be dedicated to looters, like families of Gandhis, Laloos, Chidus, Virbhadras, Karunas, Pawars, etc. due to whose actions the demonetisation has become necessary.
        Reply
      2. S
        s ramji
        Jul 4, 2017 at 5:21 pm
        Rumors are around that rs 100 could be demonitised as people are apprehensive rs 2000 note may be demonetised anytime.
        Reply
        1. M
          Manas Sarkar
          Jul 4, 2017 at 4:59 pm
          I think this is a step towards demonitize Rd 2000/- currency. I think only Rs.100,200 500/- will be available.
          Reply
          1. V
            vihari naidu
            Jul 4, 2017 at 8:03 pm
            You must be a genius to think that Ambani and Adani or BJP MPs carry their money in the form of cash. Grow a brain.
            Reply
          2. M
            Manas Sarkar
            Jul 4, 2017 at 4:56 pm
            This is the step to demonize Rd 2000/-. Only 100, 200 500/- will b in the market, I think.
            Reply
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