Rs 200 currency note from Aug 25, RBI says it will facilitate ease of transactions


New Delhi, Aug 25 (Deccan Chronicle): For the first time RBI on Friday will issue Rs 200 currency notes for “ease of transactions for the common man and combating counterfeiting.”

The new currency has bright yellow as the base colour with portrait of Mahatma Gandhi at the centre, on the front side.

It bears the signature of RBI governor Urjit Patel. The new denomination has Motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage.

On the back side it has Swachh Bharat logo with slogan. As far security features are concerned on the front side it has windowed security thread with inscriptions Bharat in Hindi and RBI with colour shift. Colour of the thread changes from green to blue when the note is tilted.

For the visually impaired, the note in the front will have an intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, raised identification mark ‘H’ with micro-text `200, four angular bleed lines with two circles in between the lines both on the right and left sides.

“Introduction of a new currency denomination 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,” said RBI. It said `200 note will provide the missing link among various currency denominations.

RBI said that the optimal system of denominations of currency is one that would minimise the number of denominations and concurrently increase the probability of proffering exact change.

  

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Comment on this article

  • Shivaprasad Shetty, kateel /dxb

    Wed, Aug 30 2017

    I like the color Kesar/Orange looks very nice!

    DisAgree Agree [1] Reply Report Abuse

  • SMR, Karkala

    Fri, Aug 25 2017

    For a rare third time, Reserve Bank of India (RBI) governor Urjit Patel who appeared before a parliamentary panel, to face questions on demonetisation and cashless economy said that "In line with the Prime Minister's emphasis on building a cashless economy, the RBI governor too asked people to start using digital modes of transaction. He said using cash substitutes such as debit cards is a cheaper and easier way to make a transaction".

    Since Prime Minister announced demonetisation of Rs 500 and Rs 1,000 currency notes on November 8, RBI is yet count the 'demonetised currencies. PMO and RBI has rejected all RTI queries is no position to explain to India which has seen the hardships even spending from his own account.

    It is known fact that today's economy of India Rs 200 can hardly buys anything. Till yesterday RBI which is praising the same tone of PM Modi's 'cashless economy' is enrolling the Rs200 currencies.
    Finally RBI also acknowledging that 'cashless economy' is just a myth but not a reality.
    Jai Hind

    DisAgree [2] Agree [4] Reply Report Abuse

  • Allen, Mangaluru

    Fri, Aug 25 2017

    Looks very colorful like lottery tickets😉

    DisAgree [1] Agree [9] Reply Report Abuse

  • Navin Shetty, Manipal/ Bahrain

    Fri, Aug 25 2017

    Didi, Kejru and their followers would boycott this note - no prize for guessing why!

    DisAgree [8] Agree [2] Reply Report Abuse

  • saquib, byndoor/dammam

    Fri, Aug 25 2017

    this shows failure of the government's dream of making the society cashless and digital which it shouted at the time of demonetizing

    DisAgree [5] Agree [15] Reply Report Abuse

  • J.F.D SOUZA, Attavar, Mangalore

    Fri, Aug 25 2017

    In addition to Rs.1000 note let us have Rs.5,000 note as this would ease to carry more no. of notes.

    DisAgree [7] Agree [7] Reply Report Abuse

  • Declan, Mumbai

    Fri, Aug 25 2017

    Release of the 200 rupee note is another step closer to demonetising the 2000 rupee note ?

    DisAgree Agree [16] Reply Report Abuse

  • Rose menezes, Udupi

    Fri, Aug 25 2017

    Nice Saffron color design.. is long time dream of this Government..

    DisAgree [7] Agree [16] Reply Report Abuse

  • Wilson Lewis, Pune

    Fri, Aug 25 2017

    Good Move!!!

    DisAgree [3] Agree [7] Reply Report Abuse

  • Vincent Rodrigues, Bengaluru/Katapadi

    Fri, Aug 25 2017

    Rs, 1000 note is more preferred than Rs.200 notes

    DisAgree [3] Agree [17] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Aug 25 2017

    Rs. 2,000 note is still not accepted in Santhe's & Sabji Mandi's ...

    DisAgree [7] Agree [17] Reply Report Abuse

  • Ummar, Santhekatte

    Fri, Aug 25 2017

    One more U turn from central govt. What happened to your much anticipated digital India. Is it gone to gutter ? How much and how long will u play in common peoples life?

    DisAgree [11] Agree [24] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Aug 25 2017

    We needed Rs. 1,000 note ...

    DisAgree [11] Agree [21] Reply Report Abuse

  • Declan, Mumbai

    Fri, Aug 25 2017

    Only after May 2019.

    DisAgree [6] Agree [17] Reply Report Abuse

  • Evans Christopher Sumitra, Udupi/ New York, USA.

    Fri, Aug 25 2017

    The most awaited Rs 200 currency note is out for circulation. It is a boon for the common man for an easy transaction. Kudos to RBI.

    DisAgree [15] Agree [17] Reply Report Abuse

  • j.anata, Mangaluru / Bengaluru

    Fri, Aug 25 2017

    Welcome move by RBI!

    DisAgree [19] Agree [19] Reply Report Abuse


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