200 Indian Currency: After the 2000 rupee note, will the 200 rupee note also be discontinued? According to reports, all 200 rupee notes can be withdrawn from the market. What does the Reserve Bank of India have to say about this?
200 Rupee Notes: You must remember the day of demonetization. After this, you also saw how the RBI has gradually withdrawn 2000 notes from the market. Now reports are coming that the government can take a similar step for the 200 note as well. If you do not know, then let us tell you that 500 and 200 rupee notes are most in circulation in the market right now. You must have also noticed that almost everyone has a 200 rupee or 500 rupee note in their pocket.
So is the Modi government going to ban this note? The Reserve Bank has given a big update regarding this. A notification has also been issued by the RBI regarding this. What has been said in that notification? You will be surprised to know.
What does RBI say?
RBI says that after the ban on 2000 rupee notes, the circulation of fake 200 and 500 rupee notes is increasing continuously in the country. The Reserve Bank of India has warned people to be extra cautious during transactions.
Is there a fake 200 rupee note in your pocket?
How do you determine whether or not the 200 rupee note in your pocket is authentic? You will have to recognize it in order to know this. Devanagari script is used to write the number 200 on the left side of the 200 rupee note. The words “RBI,” “Bharat,” “India,” and “200” are inscribed in extremely tiny characters, or micro font, and there is a very distinct image of Mahatma Gandhi in the center. The Ashoka Pillar emblem is located on the right.
The Reserve Bank of India has urged citizens to exercise caution in order to curb the circulation of counterfeit currency. When doing transactions, the Reserve Bank of India has urged making sure to thoroughly inspect the notes. The RBI advised anyone who discovers a counterfeit note to report it right once to the relevant bank officials or the local government.
