- Electronics Mart India IPO: Should you subscribe or avoid? Know Anil Singhvi's recommendation
- SpiceJet, IndiGo, Jet Airways stocks gain up to 9% as government raises loan limit
- How to activate 5G network on your smartphone - Check step-by-step guide
- Metal stocks in focus: Tata Steel, APL Apollo shares gain 2-6% - key triggers
- Electronics Mart India IPO subscription status Day 2: Issue booked over 6.5 times so far; retail and NII investors bid most
Beware! Is your new Rs 10, Rs 50, Rs 100, Rs 200, Rs 500, Rs 2000 currency note fake? Here are 9 ways to spot it
In India, currently makeover of Rs 10, Rs 50, Rs 100 and Rs 500 has been done since notebandi. Meanwhile, the country also saw birth of Rs 200 and Rs 2000 in just two years.
Post demonetisation, there has been a massive enhancement in India’s currency chest. The country has been virtually showered with new currency notes of all denominations. The Reserve Bank of India (RBI) has either introduced new notes or has given a complete makeover to the existing ones. Now, each coming day we get to know about many being accused or being investigated for carrying fake bank notes. You don't want to be on that list. In India, currently makeover of Rs 10, Rs 50, Rs 100 and Rs 500 has been done since notebandi. Meanwhile, the country also saw birth of Rs 200 and Rs 2000 in just two years.
Carrying a fake currency note comes as a cause of concern for citizens. What generally happens is when someone recognizes a fake currency two things takes place, either that someone follows the guidelines of RBI and reports about the fake currency for further actions or they just plan to get rid of it by passing to other people.
The second situation becomes a major issue. It needs to be noted that, fake currency note impacts more than having a loss of couple hundreds or thousands. Many evidence has been revealed in past where criminal groups have used fake currency to generate profits. Such profits can be used for a sample of works like money laundering, smuggling and production of illegal documents.
Hence, if you come across fake new Rs 10, Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2000, here’s a list of 9 ways to spot whether your note is real or not.
1. See through your register - When the note is held against the light, you will be able to see the register with denominational numeral. For instance, if it is Rs 2000, then you will be able to see through register with numeral 2000. Same goes for other new banknotes.
2. Latent image - If the note is held at 45 degree angle at the eye level, then a latent image with denominational numeral must be seen on the banknote.
3. Portrait of Mahatma Gandhi must be in the centre with watermark of the currency. Micro letters with ‘RBI’ and ‘Numeral’ must be there. There should also be an Ashoka Pillar emblem on the right of every note.
#Davos2019 | देखिए दावोस में महाराष्ट्र सरकार के एडिश्नल चीफ सेक्रेटरी सतीश एम गवई, MIDC के CEO डॉ. अनबलगन और CIDCO के MD लोकेश चंद्रा के साथ स्वाति खंडेलवाल की खास बातचीत।@SwatiKJain @CIDCO_Ltd @midc_india @CMOMaharashtra @Subhash_Desai @AnilSinghviZEE pic.twitter.com/BPmbD5k1LG
— Zee Business (@ZeeBusiness) January 28, 2019
4. Windowed security thread with inscriptions ‘भारत’ and RBI with colour shift; Colour of the thread changes from green to blue when the note is tilted.
5. Guarantee clause, RBI governor’s signature with Promise Clause and RBI emblem must be shown towards right. Compare the signature of RBI governor on various notes.
6. Scan the note to see whether, the denominational numeral with Rupee symbol in colour changing ink (green to blue) is seen on bottom right of the currency.
7. There will be a numeral panel with numerals growing from small to big on the top left side and bottom right side.
8. Make sure the year of the banknote you hold is accurate. For instance, the new Rs 500, Rs 2000 will be marked with year 2016, then Rs 200 will be in year 2017 and the other notes to bear the year 2018.
9. Swachh Bharat logo with slogan, Language panel, Motif, denominational numeral in hindi are some features to also note whether the currency you carry is real or not.
Post demonetisation drive, India has seen massive jump in counterfeit fake currency notes. According to RBI's annual report FY18, it has been revealed that in the fiscal 522,783 pieces of counterfeit notes were detected in the banking system, of which 63.9% were detected by banks other than the central bank.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.