RBI on Friday officially launched Rs. 200 currency note for the first time in its history and said it shall shortly increase its supply across India. The new currency notes have been introduced for the convenience of country men such that they now have a bridge between the high-value Rs. 500 note and Rs. 100.
Currently, the currency is available only at select RBI offices and banks. In a release, the apex bank said, "The production of these notes is being "ramped up by the currency printing presses, and over time as more notes are printed, it will be distributed across the country through the banking channels and will be available for public in adequate quantity".
The new currency is said to provide an optimal mix in respect of currency denominations. Know more about the new Rs. 200 currency notes, here.
In paper form, before the introduction of Rs. 200 currency notes, India has denominations of Rs. 1, Rs. 2, Rs. 5, Rs. 10, Rs. 20, Rs. 50, Rs. 100, Rs. 500 and Rs. 2000.