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Rs 200 notes from RBI coming, Finance Ministry verifies

Prepare your wallets for new currency notes – after a great deal of speculation in the media, the government today verified that notes of denomination Rs 200 are certainly on their method. This will be the first time in India’s history that there will be a currency note of Rs 200 denomination. The Financing Ministry defined the brand-new currency note in a Gazette notification. In the alert, the Centre stated that the Rs 200 note’s spec was being done on the suggestion of the Central Board of Directors of the RBI. There has been a great deal of speculation about the introduction of the Rs 200 note – recent reports had actually said that the RBI had actually purchased printing of the notes which the decision to present the Rs 200 note was taking in March. 2 Reserve Bank of India printing presses in Mysore and Salboni under Bharatiya Reserve Bank Note Mudran Private Limited (an RBI subsidiary that prints banknotes) were apparently offered the job of printing the new notes.

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