New Delhi: Finance Ministry Arun Jaitley confirmed today that Rs.200 notes will debut in india from tomorrow in the banks with the help of Reseve Bank of India, The new note would help fill the huge demand for cash after demonetization, and the design has been released by the Reserve Bank of India,The new note will put up with the signature of the RBI Governor Urjit Patel, The new denomination comes with a logo of Sanchi Stupa on the back, represent the country’s cultural heritage, The base colour of the note will be Bright Yellow.
The Reserve Bank of India apparently decided to bring in 200 Rupee notes in March and after consulting with the Finance Ministry, The notes checked multiple times for security and quality at the printing press, since November it is the 4th new note has been released by the RBI, when Prime Minister Narendra Modi announced an overnight ban on Rs. 1,000 and Rs. 500 notes, wiping out over 85 per cent of the cash in circulation,The move aimed at choking tax evaders had people rush to return their banned cash and draw new notes from banks and ATMs. Days later, new Rs. 2,000 and Rs. 500 notes were introduced to effortlessness the cash crisis faced by millions across the country.