RBI will issue bright yellow-coloured Rs 200 denomination banknotes tomorrow

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The Reserve Bank of India (RBI) will issue bright yellow-coloured Rs 200 denomination banknotes on August 25, the central bank today said.
In a notification, the banking regulator said, new Rs 200 notes will be issued in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R Patel, Governor, Reserve Bank of India from select RBI offices, and some banks.
The new denomination has Motif of Sanchi Stupa (from Madhya Pradesh) on the reverse, depicting the countrys cultural heritage. "The base colour of the note is Bright Yellow, RBI said on its website.
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, RBI said.
Post demonetisation in November 2016, RBI had introduced new Rs 500 notes and for the first time Rs 2,000 denomination notes. Reports have suggested that Rs 2000 notes will be gradually phased out.
Initially, the new Rs 200 note will not be available at ATM kiosks. Disbursing the note through ATMs will need recalibration. The notes, thus, will be disbursed through bank branches across the country, just like the Rs 10, Rs 20, Rs 50 and coins of other denominations.

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