Law soon for exchange of torn Rs 2,000 and Rs 200 notes

At present, banks are finding it impossible to exchange soiled Rs 200 and Rs 2,000 banknotes.

Here's why you will not get Rs 200 notes at ATMs for another 3 months

The RBI on August 25 rolled out Rs 200 notes to address the crisis of low value currencies.

The new Rs 200 and Rs 50 notes are expected to better currency situation in the country.

As far security features are concerned on the front side it has windowed security thread with inscriptions Bharat in Hindi and RBI with colour shift.

Reserve Bank of India on Thursday announced that Rs 200 notes will be rolled out on August 25, Friday.

Reserve Bank of India will decide on the timing of issuing the new Rs 200 bill.

The introduction of Rs 200 notes will address the problem of the 'missing middle' currency in the country.

Central bank says this time it will ensure that black marketing of Rs 200 notes does not take place.

Reports suggest supply of Rs 2,000 notes from the RBI had been declining as it finds few takers.

RBI is reportedly expected to introduce Rs 200 notes in coming months to ease pressure on lower-denomination currencies.