Rs 200 notes soon?

April 04, 2017 12:52

Business daily Mint reports that the Reserve Bank of India has approved a proposal to introduce notes of Rs 200 denomination. If done, this will be the second new denomination, after the Rs 2000 notes, since Prime Minister Narendra Modi demonetised notes of Rs 500 and Rs 1000 on November 8 last year.

According to the Live Mint report, the RBI Board had, in March this year, cleared a proposal to introduce the Rs 200 note and it's now awaiting clearance from the government.

There is however, no official confirmation.

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