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India is all set to get Rs 200 notes, for the first time ever.
In a press statement on 24 August, the Reserve Bank of India (RBI) said that it will issue Rs 200 denomination banknotes in the Mahatma Gandhi (new) series from select RBI offices, and some banks on 25 August. The notes will bear signature of RBI Governor Urjit Patel, and motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage. The base colour of the note is bright yellow.
On 18 August, the RBI issued a notification stating that the central bank would soon issue Rs 50 denomination banknotes with a portrait of Mahatma Gandhi in the front and a motif of Hampi chariot at the back. However, the current Rs 50 notes would continue to be legal tender, the RBI added.
Also Read: RBI to Issue New Rs 50 Notes, Old Notes to Remain Legal Tender
"There is no other denomination available between Rs 100 and Rs 500, and the RBI is expecting Rs 200 notes to become very popular. That's why it is taking every step to ensure availability of it," a source told The Times of India.
In November 2016, new Rs 500 and Rs 2,000 bank notes were issued as part of Prime Minister Narendra Modi’s bid to curb the flow of black money in the economy. The government drew flak for the move for failing to adequately plan the demonetisation.
How do you differentiate between a real Rs 200 note and a fake one? Here are some features that will help you verify authenticity of the notes:
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