New Rs 200 note to come into circulation from September: Report

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New Rs 200 currency note
New Rs 200 currency note

New Delhi : The Reserve Bank of India is all set to introduce Rs 200 currency note for the first time in history. According to a media report, the new Rs 200 note will come into circulation by the end of August or the first week of September.

A Times of India report mentions: "RBI is likely to put the proposed Rs 200 bank notes in circulation by the end of August or in the first week of September, according to people in the know."

At the initial stage, the RBI will be issuing a stack of about 50 crore notes of the new denomination to ensure there is no illegal trade or black marketing.

"There is no other denomination available between Rs 100 and Rs 500 and RBI is expecting Rs 200 notes to become very popular and that's why it is taking every step to ensure availability of it," the source added in TOI report.