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Before the November 8 de-monetisation, there were roughly 1,650 crore pieces of Rs 500 notes in circulation, according to data from the State Bank of IndiaBSE -0. The central bank did not respond to an email seeking comment.
But before the launch of Rs 200 Currency Note it will go through various checks for security and quality at the printing press. The notes will be 200 rupees note the new Series, bearing the signature of RBI Governor Urjit R Patel. Prime to a Zee News report, the new Rs 200 note will have special security features. The Konark wheel and peacock were other figures added to the currency Rs 10 and Rs 20. The change for 2000 rupees note was tough to get. The picture shows a si holding a crisp banknote bearing Rs 200 denomination minted under Mahatma Gandhi New Series.
No plans to introduce Rs 21 and 51 currency notes The huge steps taken from Reserve Bank of India in recent times have also created a surrounding of speculations. That is also close to the 15.
This image of Rs 200 note is getting shared on WhatsApp. But is it fake or real? - It was released by the RBI on 8 November 2016 after the and has been in circulation since 10 November 2016. The notes also have optical fibres.
New Delhi, July 6: In a bid to fill the huge demand for cash across the nation, the Reserve Bank of India RBI will soon introduce the Rs 200 notes as a print order has already been placed. The RBI has taken the decision to introduce with the consultation of Finance Ministry in March and is aimed to further improve the current situation of lower denomination notes in the country. It has also been stated in reports that RBI may not allow ATMs to dispense new Rs 200 notes. If media reports are to be believed, RBI wants to circulate new only through banks and not ATMs like Rs 50 and Rs 10 notes are circulated. The introduction of the new denomination note will help fill the huge demand for cash across the nation. A report by Hindustan Times said that the RBI has proposed to circulate the new Rs 200 banknotes only through bank branches, similar to the way Rs 50 and Rs 10 notes are circulated. The design will appear as one floral design when seen against the light. All banknotes contain the Mahatma Gandhi watermark with a light and shade effect and multi-directional lines in the watermark window. The latent image is visible only when the note is held horizontally at eye level. The Rs 200 note is also believed to get the same feature. The new note may also be in circulation soon with all these features. The notes also have optical fibres. Both can be seen when the notes are exposed to the ultra-violet lamp. The Rs 200 note is the fourth new note to be announced after Prime Minister Narendra Modi made the demonetization announcement and scrapped Rs 1,000 and Rs. The move comes in the wake of recovery of a large amount of fake Indian currency notes in last four months after demonetisation. The other three denomination notes that have been approved for circulation so far are Rs 1 note, Rs 500 and Rs 2000 notes. It was decided in April that the government has plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards in order to check counterfeiting.