Mumbai: All those who have been hoping to visit the ATM to get their hands on the newly rolled out Rs 200 and Rs 50 notes, might be disappointed.
The central bank on Thursday announced the launch of the Rs 200 notes in a bid to address the ‘missing link’ between low and high denomination currencies. “Provision of the new denomination, therefore, would facilitate exchange, particularly for the common man who deals with denominations at the lower end,” the RBI said in a statement.
The RBI had on August 18 announced that it will launch new fluorescent blue Rs 50 banknotes bearing the motif of 'Hampi with Chariot' that depicts India's cultural heritage.
However, the new Rs 200 and Rs 50 notes may only be available at select RBI offices and banks. Moreover, since Friday is a holiday on the occasion of Ganesh Chaturthi, most banks may remain closed and the Rs 200 notes may have not reached the ATMs.
People queue up to withdraw new notes in the denominations of Rs.50 & Rs.200 from Reserve Bank of India in Delhi. pic.twitter.com/94DqERp2Ry— ANI (@ANI) August 25, 2017
Moreover, since the dimension of the new Rs 200 note - 66 mm × 146 mm is different from existing notes, the cassettes at ATMs, that dispense cash, will have to be calibrated to fit the notes.
Here are all the details about the new Rs 200 and Rs 50 notes:
|Note||Rs 200||Rs 50|
|Dimension||66 mm × 146 mm||66 mm x 135 mm|
|Colour||Base colour bright yellow||Fluoroscent blue|
|Motif on reverse side||Sanchi Stupa||Hampi with Chariot|