Tuesday, 4 April 2017

What? RBI to Introduce Rs 200 Note with Extra Security Features?

Reserve Bank of India (RBI) is planning to come out with Rs 200 currency note anytime soon. As per sources, the note will carry new security features. If Reports are to be Believed There was the Meeting on Bringing New Currency Note of Rs. 200 Rupees and they are about to Launch the new Note with High End Security Features.


They said that the new notes will come with additional security features, sources said. To check counterfeiting and for better security, the central bank has also proposed changing features of all notes every 3-4 years, they added.

Meanwhile, plastic currency notes will soon be a reality in India, with the RBI being authorised to conduct field trials of plastic Rs 10 banknotes.

In a written reply in the Lok Sabha, Minister of State for Finance Arjun Ram Meghwal had last month said "it has been decided" to conduct a field trial with plastic notes at five locations of the country.

While the minister said that the plastic notes are expected to last longer than the existing cotton-substrate based banknotes, durability is only one of the factors that may have prompted this change in thinking

The plastic notes will also be difficult to imitate, offer better security features and will also be more energy efficient.

Central banks across the world have been exploring different solutions like plastic notes to have better security and easy movement. Currently, 20 countries including Canada, New Zealand, Vietnam and Australia use polymer or plastic notes.

A report by the PTI states that in a high-level meeting last week, Home Ministry officials said that like other countries, India must change security features on notes every few years.

Indian currency hasn’t been changed much in the last decade. Only after demonetisation in November last year, changes were made in the Rs 500 note, which was launched in 1987.

Rs. 200 Rupees Notes will be Loaded with Extra Major Security Features on Chip Enabled Features. Everything will be revealed in next Update.

Government is Planning to Bring new Notes every 4-5 Years break to Mitigate the Fake Notes in the Market. Finally Indian RBI Approached the way like foreign Countries USA, Australia and Canada. Keep Watching this Space. We'll Keep you Updated on Rs. 200 Notes.

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1 comment:

  1. I' happy with the launch of 200 rupees note. The quality and design of the note is tremendous. However, I wish I could go and ask RBI to do something about the quality of 2000 currency not. It is so not quality controlled.

    Best Regards,
    Live Now India