Why Rs 200 notes may not be available in ATMs today
The Reserve Bank of India will issue Rs 200 denomination currency notes starting from today. However, these notes may not be immediately available through ATMs because they will have to be recalibrated to accommodate the new note.
Every ATM has 3 to 4 cassettes, which are equipped to handle different denominations of notes. However, in order to provide new Rs 200 denomination notes, the cassettes have to be reconfigured, which will take some more time. The first set of new note will be available at all RBI offices and banks.
However, you don't have to be disappointed because the new Rs 200 note will be available at bank branches. But since it's Ganesh Chaturthi and in some parts of the country the bank may be closed, the new notes may not be even available over the counter.
The RBI is taking extra efforts to make Rs 200 note to be popular in the currency market as there is no other denomination currently available between Rs 100 and Rs 500 note. The new Rs 200 note will come with enhanced security features in a bid to prevent counterfeiting.
What are special features of Rs 200 notes?
As per the new policy on theme-based currency notes, the Rs 200 bill bears motif of Sanchi Stupa to depict India's cultural heritage.
The base colour of the note is bright yellow, RBI said. In a separate statement, it said that Rs 200 note will provide the "missing link" and ensure optimal mix of currency denominations. Among prominent features, the Rs 200 banknote will carry portrait of Mahatma Gandhi at the centre and the denominational numeral "200" with rupee symbol in colour changing ink - green to blue - on the bottom right on the obverse (front) side of the note, RBI said.