With no other denomination between ₹100 and ₹500 notes, the ₹200 note is expected to bridge the shortage.
Magenta, stone grey, and fluorescent blue done, now enters bright yellow. The new ₹200 banknotes will make their debut on Friday, August 25, and will be the fifth new note to be announced since demonetisation last November. With no other denomination between ₹100 and ₹500 notes, the ₹200 note is expected to bridge the shortage. This is why State Bank of India’s (SBI) group chief economic advisor calls it the ‘missing middle’.
This is how they look:
Here’s all you need to know about the new notes:
- The new denomination has a motif of Sanchi Stupa on the reverse, besides the Ashoka Pillar emblem.
- The base colour of the note is bright yellow.
- The note also has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse.
- It is of the size 66 mm x 146 mm.
- ₹200 inscribed on the note is in colour-changing ink.
- There are special features for the visually impaired, with the Mahatma Gandhi portrait and Ashoka Pillar emblem raised on the note.
- It has the logo of the Swachch Bharat Abhiyan.
The new notes will be issued from select RBI offices and banks, but will not be available at ATMs as of now.