As reported earlier, new Rs. 200 notes have entered the circulation with many ATMs being recalibrated to provide the notes which are similar in size to Rs.500 notes but vary in colour with the colour yellow dominating the appearance.
The Reserve Bank of India, the central bank, has described the ne note as the missing link in the demonetisation process ushered in since November 8, 2016. Unlike other developed countries which have machines to give away the change, India has no such plans nor is it feasible for RBI with varying inflation in some parts.
Following the ban on Rs. 1,000 and Rs. 500 notes to check tax avasion, the central bank had introduced Rs. 2,000 notes and new Rs. 500 notes and the missing Rs.1000-note will now be answered by the circulation of new Rs.200 notes.
In a press statement, RBI said, “The Reserve Bank of India will issue on August 25, 2017 Rs. 200 denomination banknotes in the Mahatma Gandhi Series, bearing signature of Urjit R Patel, Governor, Reserve Bank of India from select RBI offices, and some banks.”
The Rs.200 note, issued in a dimension of 66mmX146mm, has the Sanchi Stupa and the portrait of Mahatma Gandhi at the centre and the denominational numeral “200” with rupee symbol in green to blue.
With this Indian currency system now has Rs. 1, 2, 5, 10, 20, 50, 100, 200, 500 and 2,000 currency notes in circulation as of today. There is no word on a new Rs.1000-note. Even the Rs.50-note has been changed to new series with a new look and additional security features.
“To achieve the optimal system of currency that would minimise the number of denominations while increasing the probability of proffering exact change, especially at the lower end of denominations, there is a logical need to introduce the missing denomination of Rs. 200, which will make the present currency system more efficient,” RBI justified its move.
The note has similar features for visually impaired as in other notes — the intaglio or raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem, raised identification mark ‘H’ with micro-text Rs. 200, four angular bleed lines with two circles in between the lines both on the right and left.
Salient features of the New ₹200 Notes:
2. Latent image with denominational numeral 200,
3. Denominational numeral २०० in Devnagari,
4. Portrait of Mahatma Gandhi at the centre,
5. Micro letters ‘RBI’, ‘भारत’, ‘India’ and ‘200’,
6. Windowed security thread with inscriptions ‘भारत’ and RBI with colour shift. Colour of the thread changes from green to blue when the note is tilted,
7. Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait,
8. Denominational numeral with Rupee Symbol, ₹ 200 in colour changing ink (green to blue) on bottom right,
9. Ashoka Pillar emblem on the right,
10. Mahatma Gandhi portrait and electrotype (200) watermarks,
11. Number panel with numerals growing from small to big on the top left side and bottom right side,
12. For visually impaired: 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.
14. Swachh Bharat logo with slogan,
15. Language panel,
16. Motif of Sanchi Stupa,
17. Denominational numeral २०० in Devnagari.