RBI likely to introduce Rs 200 from September

RBI is likely to put the proposed Rs 200 bank notes in circulation by the end of August or in the first week of September.

The total value of new Rs 200 notes would be around Rs 50 crore. "There is no other denomination available between Rs 100 and Rs 500 and RBI is expecting Rs 200 notes to become very popular and that's why it is taking every step to ensure availability of it.

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.