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200 Rupees

Issuer Reserve Bank of India
Year 2017-2023
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Printer Security Printing and Minting Corporation of India, India (2006-date)
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Obverse lettering भारतीय रिज़र्व बैंक RESERVE BANK OF INDIA केन्द्रीय सरकार द्वारा प्रत्याभूत GUARANTEED BY THE CENTRAL GOVERNMENT मैं धारक को दो सौ रुपये अदा करने का वचन देता हूँ I PROMISE TO PAY THE BEARER THE SUM OF TWO HUNDRED RUPEES GOVERNOR महात्मा गांधी MAHATMA GANDHI दो सौ रुपये ₹200
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Reverse lettering RESERVE BANK OF INDIA TWO HUNDRED RUPEES ₹200 सांची स्तूप SANCHI STUPA भारतीय रिज़र्व बैंक स्वच्छ भारत एक कदम स्वच्छता की ओर
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The 200 rupee denomination was introduced in August 2017, filling a gap between the 100 and 500 notes that became acutely problematic after the November 2016 demonetisation of the 500 and 1000 rupee notes. That overnight withdrawal of roughly 86% of India's currency by value created severe transaction friction at the mid-range level, and the 200 was a direct policy response — not a routine addition to the series.

The note carries a fluorescent optical band and an electrotype watermark, with the security thread shifting between green and blue under movement — relatively conventional for the Mahatma Gandhi New Series, though the 200 was the last of the new denominations to actually reach wide circulation after its announcement.

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