According to various reports, the Reserve Bank of India (RBI) may soon release a new Rs 200 note. Although since now, there has been no official statement released by the authority regarding the new currency note.
Even a government official told that a printing order has already been placed.
In March, RBI took the decision to introduce Rs. 200 notes with the talk of Finance Ministry in all this comes from a report. Soon RBI may issue new note to the public and the market.
The day Supreme Court pulled up the central government for declaring December 30, 2016, as the closing date for depositing demonetized notes. Of course, the court has offered the Reserve Bank of India and Government the time frame of two weeks to reply to its concern.
The government said, it cannot take away someone’s money ‘for no fault of his/her’. And, added, “You can’t be allowed to deprive a person of his money if he couldn’t deposit it due to genuine problems. There will be a serious problem if you don’t look into it. Give a window to a genuine problem. What if someone is terminally ill and couldn’t deposit the money? Don’t force us to pass a three-line order and quash your December 30 notification.”
The apex financial board of India, RBI had initially cleared the proposal to issue banknotes of Rs 200 denomination. The government had also inspected the introduction of the new notes that would be of great help for the citizens.
We should even appreciate this idea because new Rs 200 denomination notes may enhance the currency situation in the country for better.
Last year in November, just after the announcement of demonetization the RBI had introduced new notes of Rs. 500 and 2,000. This was one of the gigantic financial decisions taken by the government after the independent.