The Reserve Bank of India (RBI) will on Friday, August 25, issue new 200 rupees note (Rs 200).
Along with the new Rs 200 note, the government has also confirmed a new Rs 50 note. The earlier Rs 50 notes will continue to remain legal tender.
Authorities say the move to introduce the new currency was to increase the circulation of smaller denomination notes.
There had been reports of people facing problems in using the Rs 2,000 note as sufficient quantum of smaller denomination notes of Rs 100 and Rs 500 were not available.