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Thursday 29 June 2017

RBI to brings new notes of 200 with advanced security feature

Image: edtimes.in

The New 200 note will come with advanced security features
There will be many advanced security features in the new notes of 200 rupees. Authorities are taking extra precautions in this regard so that these fake notes can not be prepared. The Modi government at the Center is preparing to roll out the notes of 200 rupees soon. All decision have been completed for this last month, behind the introduction of new notes of 200 Rs, the purpose of the RBI is to make transactions easier for the people of India. after the Demonetization of thousand notes in November people faced many problems while transaction in local stores and in market places, however The process of printing the new Rs 200 notes has begin as per some sources, it is believed that RBI to bring thousand notes with security features in near future with a new avatar, After distributing of 200 rupees notes, the short-term crisis will be solved, whose shortage is people are feeling only after discontinuing the notes of 1,000 rupees. In march this year in a meeting RBI Board had decided to implement the notes of 200 rupees. but Earlier the government was also considering issuing easy to use notes for citizens of India, some reports says that the new notes of 200 will be available in bank only not in ATM's like 10,50 notes circulate, According to a report of Hindustan Times, the RBI has proposed to circulate the new Rs 200 banknotes only through bank branches, similar to the way Rs 50 and Rs 10 notes are circulated. A senior banking official, while speaking to the newspaper, admitted re-calibrating India’s 220,000 machines to enable ATMs for dispensing Rs 200 notes, will take more than a month.these new note of 200 rupees will be released in the next 3-4 months!

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