RBI to Introduce ₹200 and ₹1000 Currency Notes
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In accordance with media reports, there is a fair chance that the Reserve Bank of India may bring new ₹200 note. The decision regarding this was taken last month. The printing of new banknotes is expected to begin after June once the Modi government gives its consent. If this proposal is accepted by the government then it will be the second new denomination in the Indian currency.
Besides this, a few news websites have also reported that the RBI has also proposed to reprint ₹1000 notes with additional security features. To check counterfeiting and for better security, the central bank has also proposed changing features of all notes every 3-4 years, they added.
With multiple changes awaiting, people look forward to see new notes in the wallet.