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HomePersonal FinanceIndian Currency: New update! Fake notes of 500 and 2000 have come...

Indian Currency: New update! Fake notes of 500 and 2000 have come in the market, RBI told the difference between real and fake

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Indian Currency The Reserve Bank of India (RBI) takes several measures to prevent the circulation of counterfeit Indian currency notes, including the use of security features in genuine currency notes, regular inspections of banks and financial institutions, and public awareness campaigns. Possession of fake currency is a crime in India.


Indian Note: Fake currency is a problem that can have a lasting impact on the country’s economic situation, while the current notes in use after demonetization in 2016 have a multi-level facility of checking to avoid duplication, yet There is a possibility of getting fake notes in your hands. In such a situation, it is important that you should know how to identify genuine and fake notes so that fake notes do not come in your hands in the market. Let us know about some special things from which real and fake notes can be known.

Watermark

All Indian currency notes bear a watermark which can be seen when held against light. The watermark is the portrait of Mahatma Gandhi and can be seen on the left side of the note.
check security thread
Indian currency notes have a security thread running vertically down the middle of the note. The thread is embedded in the paper and has the words RBI and the denomination of the note printed on it. The thread can be seen when held in front of the light.

Check print quality

The print quality of genuine Indian currency notes is superior with sharp and clear lines. Counterfeit notes may have blurred lines or smudged ink.

Check see-through register

Indian currency notes have a see-through register. A small image of the denomination of the note is printed on the front and back of the note which is fully visible when held against light.

Look for micro-lettering

Indian currency notes have micro-lettering, which is a small text that can be seen under a magnifying glass. Micro-lettering is clear on genuine notes but may be blurred or blurred on counterfeit notes.

Check the Feel of the Paper

Genuine Indian currency notes are printed on high quality paper which gives them a distinct feel. The paper is crisp and has a unique texture. Counterfeit notes may appear smooth or slippery to the touch.

Verify serial number

A unique serial number is printed on each Indian currency note. Check to ensure that the serial number is the same on both sides of the note and that it matches the serial number printed on the side panel.

The Reserve Bank of India (RBI) takes several measures to curb the circulation of counterfeit Indian currency notes, including use of security features in genuine currency notes, regular inspections of banks and financial institutions, and public awareness campaigns.

Possession of fake currency is a crime in India. If people are found with fake notes, then there can be a fine or even jail. If you have any doubts about the authenticity of a currency note, it is best to take it to a bank or currency exchange center for verification.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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