The Reserve Bank of India (RBI) keeps updating the public about changes in Indian currency, and recently, it has issued important information concerning the 200 rupee note. This update gives rise to debates among the citizens, especially after the 2000 rupee note was discontinued. This article aims to cover the most recent gossip about the 200 rupee currency note, the stance of the RBI regarding its future, and what you can do to identify real notes so that you aren’t fooled by counterfeit currency.
So, Are They Going to Discontinue the 200 Rupee Note?
Following the discontinuation of the 2000 rupee note by the RBI, the talk about the 200 rupee note also surfaced. A good number of people were asking whether this note would be withdrawn soon from circulation, just like the higher denomination note. However, the RBI has, instead, clarified its stance on this matter.
While the Central Bank did not make any formal official announcement regarding the discontinuation of the 200 rupee note, it mentioned, however, that since the phasing-out of the 2000 rupee note, the usage of both 200 and 500 rupee notes have increased so much that the rise in the number of counterfeit notes is a concern, and hence, it has been issuing guidelines for people to detect genuine currency.
RBI Guidelines on 200 Rupee Note
Keeping in view the recent developments concerning the 200 rupee note, the RBI has cautioned the public about exercising vigilance when dealing with currency. As fake currencies have been on the rise, it has given some tips to help you distinguish between real and counterfeits. Here is what to look for:
- Devanagari Script: To the left, the note has “200” written in Devanagari script.
- Mahatma Gandhi’s Image: The central portion of the note bears a portrait of Mahatma Gandhi, while the watermark on the other side is also an image of Gandhi when viewed under the light.
- Micro Font: Under scrutiny, you would notice the letters “RBI” printed well in micro font.
- Multilingual Text: The words maintained on the note are “Bharat,” “India,” and “200”.
- Ashoka Pillar Symbol: The Ashoka Pillar symbol is present on the right side of the note, which is another basic feature to tell the genuine currency.
Make sure you look for these features so that you do not find yourself falling for counterfeit notes.
RBI’s Appeal to the Public
In this recent update, RBI has advised the public to be vigilant and refrain from spreading or even believing in rumors surrounding the 200 rupee note. The central bank has also cautioned on the increased circulation of counterfeit notes and has advised citizens to closely examine any currency offered to them in transactions.
If you find a counterfeit note, it is essential to notify your local administration or your nearest bank. The filing of a complaint would enable the authorities to act quickly and prevent further circulation of fake currency.