New Delhi: The Reserve Bank is relied upon to present Rs 200 notes before the finish of August or in the primary seven day stretch of September, reports Economic Times, citing sources.
The administration on Wednesday likewise gave its thumbs up to the Reserve Bank to issue Rs 200 notes that will ease weight on bring down category money bills.
The finance ministry, in a notice, said that on the proposals of the Central Board of Directors of the RBI, "the focal government, therefore, indicates the group of banknotes of the estimation of two hundred rupees".
The new notes of Rs 200 will significantly help in narrowing the request and supply hole in littler division cash bills.
A year ago in November, the legislature had demonetised the old 500 and 1,000 rupee notes.
This activity of printing Rs 200 group notes is being embraced to additionally enhance the money circumstance in the nation, PTI has prior revealed citing sources, including the issue individuals are confronting because of high-esteem Rs 2,000 notes would likewise be dealt with the course of Rs 200 notes.
The national bank had purportedly chosen to acquire Rs 200 notes in March in the wake of counseling the back service, they said. The notes are experiencing numerous checks for security and quality at government printing presses.
The lack of money notes was trigged by the rejecting of high-section charges a year ago.
In an unexpected declaration, Prime Minister Narendra Modi had in November a year ago reported rejecting of old notes of Rs 1,000 and Rs 500 notes, wiping out more than 85 percent of the trade out course.
The move was gone for checking dark cash, fake notes and dread financing.
Pradhan Mantri Garib Kalyan Yojana (PMGKY) propelled following the conclusion of 50-day demonetisation period did not draw a decent reaction with just Rs 5,000 crore unaccounted salary being pronounced under the acquittal conspire.
The plan was propelled in December a year ago to empower individuals with dark cash to confess all by paying duty and punishment of 50 for every penny.