News Is RBI Planning To Introduce Rs 200 Notes?

Is RBI Planning To Introduce Rs 200 Notes?

Your struggle for finding change of Rs 2000 note may become easier as Reserve Bank of India may be planning to introduce Rs 200 denomination notes soon.

Moneycontrol reports that RBI may issue Rs 1000 notes too. The notes will come with additional security features.

According to Mint, the printing of these new denomination notes will begin in June.

Is RBI Planning To Introduce Rs 200 Notes?

India Today quoted unnamed sources as saying that the central bank plans to introduce new Rs 100, 200, 500 and 1000 notes in the future.

Soon after Prime Minister, Narendra Modi announced demonetisation of Rs 500 and Rs 1000 notes, new currency notes of Rs 500 and Rs 2000 were rolled out in November 2016. In December, RBI also announced that it will issue Rs 50 and Rs 20 notes.

However, RBI has not confirmed the news yet.

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