200 Rupee Note: Reserve Bank of India(RBI) set to declare 200 Rupee Note by the beginning or later as per notification from the officials. As the 50 New Rupee note has made official with new design as well as fraud proof in detail couple of days ago by RBI. It sounds like digital India is getting successful after the declaration of GST in India as well as demonetization of fake 500 INR and 1000 INR rupee note in India. In fact, sounds like 200 Rupee Note a relief for those who seeks for exchange of 2000 new rupee note to other guy around there.
The fund service, in a notice, said that on the suggestions of the Central Board of Directors of the RBI, “the focal government thus determines the section of banknotes of the estimation of two hundred rupees”.
Strangely, most recent RBI information recommends that out of Rs 15 lakh worth of money removed from flow nearly Rs 14.5 lakh crore is back available for use as of June this year. Be that as it may, according to a SBI report, money with banks has declined to 5.4 for every penny of the cash available for use from 23.19 for each penny pre-demonetisation. With 200 notes directed in the framework, the money supply will be helped.
The lack continued for a considerable length of time as the RBI presented 2000-rupee notes, trailed by another arrangement of 500-rupee notes, with money squeezes working overtime.With the presentation of the 200-rupee notes, it ought to be simpler to get change for 2000-rupee notes.
Modi Govt had said the demonetization activity was expected to battle debasement and extortion, and cut off financing for assaults by fear mongers who target India.The fund service took a choice in March to print the 200-rupee notes.RBI has chosen to add extra security layer to the new cash to check fake. Quality checks have just been done on the new money.