Rs 200 note News
)
Some banks have even instructed the ATMs to check for the recalibration of the machines to begin testing the Rs 200 notes.
)
While the RBI launched the 200-rupee note a week ago, it may take up to three months for ATMs to start dispensing the new denomination currency as it will involve a huge exercise of recalibration.
)
The Reserve Bank on Friday launched the bright yellow 200 notes and said it will shortly ramp up the supply of the new currency note across the country.
)
New Rs 200 notes will not be dispensed through ATMs – Here's why
)
Introduction of a new currency denomination and design is done keeping in consideration various factors like ease of transactions for the common man, replacement of soiled banknotes, inflation and the need for combating counterfeiting.
)
Initially the new Rs 200 notes will be circulated by select RBI offices, and some banks.
)
The report noted that though there has been a significant move towards relocating distribution of currency towards smaller denominations post demonetisation, there is a mismatch caused by the presence of Rs 2,000 denomination straight after Rs 500 denomination.
)
The new notes will rather be circulated via bank branches like that in the case of Rs 10, Rs 20 and Rs 50 currency notes.
)
It is the first time that the RBI is printing bills of 200 rupees.
)
If the report is true then it will be the first time that the RBI would be printing bills of 200 rupees.
)
The new currency note has some very interesting details like the security features, RBI seal and watermarks mentioning Rs 200.
Loading...
