Mumbai, August 25: The Reserve Bank of India will launch Rs 200 banknotes for the first time on Friday which will increase the availability of lower denomination currency in the system. The bright yellow coloured notes will hit the market just a day after the announcement by Finance Minister Arun Jaitley that the government has given a go-ahead to the RBI to issue the new currency bill.Also Read - Indian Foreign Reserves Fall USD 2.71 Billion

“The Reserve Bank of India will issue on August 25, 2017 Rs 200 denomination banknotes in the Mahatma Gandhi (new) Series, bearing signature of Urjit R Patel, Governor, Reserve Bank of India from select RBI offices, and some banks,” RBI said in a press release. Also Read - RBI Internship 2022: Bank Invites Application For Summer Internship, Apply Before December 31; Check Salary, Eligibility and How To Apply

The new denomination has Motif of Sanchi Stupa on the reverse, depicting the country’s cultural heritage. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse. Also Read - RBI Retail Direct Scheme: Step-By-Step Guide To Open Retail Direct Gilt Account

The salient features of Rs 200 denomination banknotes are as under:

Obverse (Front)

  • See through register with denominational numeral 200
  • Latent image with denominational numeral 200
  • Denominational numeral 200 in Devnagari
  • Portrait of Mahatma Gandhi at the centre
  • Micro letters ‘RBI’, ‘भारत’, ‘India’ and ‘200’
  • 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
  • Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait
  • Denominational numeral with Rupee Symbol, Rs 200 in colour changing ink (green to blue) on bottom right
  • Ashoka Pillar emblem on the right
  • Mahatma Gandhi portrait and electrotype (200) watermarks
  • Number panel with numerals growing from small to big on the top left side and bottom right side

For visually impaired

  • 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 sides

Reverse (Back)

  • Year of printing of the note on the left
  • Swachh Bharat logo with slogan
  • Language panel
  • Motif of Sanchi Stupa
  • Denominational numeral 200 in Devnagari

Dimension

  • Dimension of the banknote will be 66 mm × 146 mm

Following the demonetisation on November 9, 2016, the Reserve Bank had introduced Rs 2,000 notes and also new Rs 500 notes with additional security features. The move led to shortages in the system, putting pressure on small denomination currency, mainly Rs 50 and Rs 100.

With the introduction of Rs 200 notes, the cash crunch issue is likely to be eased.

The RBI has also introduced a new fluorescent blue Rs 50 banknotes bearing the motif of ‘Hampi with Chariot’ that depicts India’s cultural heritage.

With inputs from PTI