200 rupee Note to hit pockets soon
The Reserve Bank of India has announced the issue of 200 rupee note on August 25, 2017 in the new Mahatma Gandhi Series, that followed after demonetization, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India from select RBI offices and some banks.
The new 200 rupee note has Sanchi Stupa motif on the reverse, depicting India’s cultural heritage. The base colour of the note is Bright Yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the front and back.
The New Design
While the obverse side contains a see through register with denominational numeral 200 along with a latent image with denominational numeral 200 in devnagari, the banknote, like other notes, has a portrait of Father of the Nation Mahatma Gandhi at the centre. The note also mentions a guarantee clause, RBI Governor’s signature with promise clause and RBI emblem towards right of Mahatma Gandhi portrait. For the visually impaired, raised printing of Mahatma Gandhi portrait, Ashoka Pillar emblem has been executed along with raising of Identification mark H with micro-text ₹200, four angular bleed lines with two circles in between the lines both on the right and left sides. The note also carries with it the Swachh Bharat Abhiyan logo with slogan.
Insertion of a new currency denomination and design has been done keeping in thought various factors like comfort of transactions for the citizens, replacement of soiled banknotes, inflation and the need for combating counterfeiting.
₹200 note to be popular?
To attain an efficient system of currency that would curtail the number of denominations while increasing the probability of offering exact change, especially at the lower end of denominations, there is a rational demand to introduce the missing denomination of ₹200, which will make the present currency system more competent. Provision of the new denomination, therefore, would enable exchange, particularly for the common man who deals with denominations at the lower end.