Government confirms Rs 200 Notes coming soon

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RBI

Putting a full stop to the months of speculation, The Ministry of Finance has confirmed that a new Rs 200 currency note will soon be issued by the Reserve Bank of India.

The finance ministry has issued a statement through Gazette of India which reads, “In exercise of the powers conferred by sub-section (1) of section 24 of the Reserve Bank of India Act, 1934 and on the recommendations of the Central Board of Directors of the Reserve Bank of India, the Central Government hereby specifies the denomination of bank notes of the value of two hundred rupees”.

It was reported that new Rs 200 Notes will hit the  ATMs and banks probably in the early week of September.

Although, last month many images of new Rs 200 note surfaced the social media.

However, new Rs 200 Notes will come with the advanced security features to prevent counterfeiting.

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