Hyderabad, February 11: The Reserve Bank of India (RBI) has addressed circulating rumours regarding the discontinuation of ₹200 denomination banknotes. In an official statement, the RBI clarified that there are no plans to ban ₹200 notes and advised the public to disregard such unfounded reports.
Recent complaints have highlighted an increase in counterfeit ₹200 and ₹500 notes in the market. Law enforcement agencies have conducted raids in various locations, apprehending individuals involved in the production and distribution of fake currency. These developments led to speculation about the potential withdrawal of certain denominations.
The RBI has firmly dismissed these rumours, stating that there are no considerations or announcements regarding the discontinuation of ₹200 notes. The central bank emphasized the importance of public awareness in identifying counterfeit currency and urged individuals to familiarize themselves with the security features of genuine notes.
To assist the public in detecting counterfeit ₹200 notes, the RBI highlighted specific security features:
• Devanagari Numerals: The numeral ‘200’ is inscribed in Devanagari script on the left side of the note.
• Mahatma Gandhi Portrait: A portrait of Mahatma Gandhi is prominently displayed in the center.
• Micro Text: The words ‘RBI’, ‘Bharat’ (in Hindi), ‘India’, and ‘200’ are printed in micro letters.
• Security Thread: A security thread with inscriptions and color-shifting properties is present; it changes from green to blue when the note is tilted.
• Ashoka Pillar Emblem: Located on the right side, this emblem adds to the authenticity of the note.
The RBI advises the public to remain vigilant and report any suspected counterfeit currency to the authorities. This clarification comes in the wake of the recent withdrawal of ₹2,000 notes, during which the RBI successfully reclaimed approximately 98% of the circulated high-denomination currency.
The central bank continues to monitor the circulation of currency and implements measures to maintain the integrity of the nation’s monetary system.
