Indian Currency : You must remember the day of demonetization, after which the Reserve Bank of India (RBI) gradually withdrew the ₹2000 notes from circulation. Now, reports suggest that the government might also withdraw the ₹200 notes from the market. The RBI has even issued a notification regarding this matter. Let’s find out the complete details below—
You must remember the day of demonetization, after which the RBI slowly pulled back the ₹2000 currency notes from the market. Now, there are reports that the government may ban the ₹200 notes as well. At present, ₹500 and ₹200 notes are the most commonly used denominations in the market.
It’s common for almost everyone to carry these notes in their wallets. So, is the Modi government really planning to ban ₹200 notes? The Reserve Bank of India has released a major update on this matter. The RBI has also issued an official notification regarding it. Let’s understand what’s going on—
What Does the RBI Say?
The Reserve Bank of India has stated that after the withdrawal of ₹2000 notes, the circulation of fake ₹200 and ₹500 notes in the country has increased rapidly. The RBI has warned people to remain extra cautious while handling cash transactions.
How to Identify a Fake ₹200 Note:
- On the left side of the note, the denomination “200” is written in Devanagari script.
- In the center, there is a clear portrait of Mahatma Gandhi, and in micro letters, you can see “RBI,” “भारत,” “India,” and “200” written.
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On the right side, there is the Ashoka Pillar emblem.
To prevent the spread of counterfeit currency, the Reserve Bank of India has appealed to the public to stay alert. The RBI has advised people to carefully check their notes during transactions. It also stated that if anyone comes across fake notes, they should immediately report them to the local authorities or the concerned bank officials.
