This blog is meant for use by members of the Association for news and views. Send comments / suggestions / views to e-mail Id:

Tuesday, April 4, 2017

RBI to bring Rs 200 notes this June, claim reports

The Reserve Bank of India (RBI) will introduce banknotes of Rs 200 denomination, according to reports. 

As per reports, the central bank has already taken a decision in this regard in a meeting last month. 

"The process of printing the new Rs 200 notes is likely to begin after June, once the government officially approves this new denomination," reported quoting sources. 

A couple of other news websites have also reported the same. 

Notably, last month RBI also started field trials of plastic notes of Rs 10 as plastic notes are expected to last longer than cotton substrate based banknotes. 

If introduced, Rs 200 will be the second new denomination to be introduced after the Rs 2,000 notes. 

Some also reported that a revamped Rs 1,000 note with enhanced security feature is also on the card. However, RBI had in the past categorically rejected the introduction of Rs 1,000 notes. 

Source:-The Economic Times

No comments: