Fake Rs 100, Rs 200, Rs 500, Rs 2000? You can identify real notes in just 3 steps; here is how
Yes, fake Rs 100, Rs 200, Rs 500, Rs 2000 notes are a real bring problem for and many have been cheated. It has been revealed that in the fiscal 522,783 pieces of counterfeit notes were detected in the banking system.
In India, currently Rs 10, Rs 50, Rs 100 and Rs 500 currency notes have received a makeover since notebandi. Meanwhile, the country also saw birth of Rs 200 and Rs 2000 and that too in just two years. Significantly, even the currency-in-circulation (CIC) has seen a big jump in India, with Rs 20,938.85 billion being circulated among citizens as on February 08,2019. However, with every rise in CIC, there has also been uptick in fake currency notes as well. 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.
There are many situations where you end up receiving a fake currency notes. It can be through bank ATMs, through shops or vendors. However, not many of us know the ways of identifying a fake currency note.
In case you end up having fake currency notes in your pocket and have your doubts about them, here's an app that can actually help you solve the problem once and for all and no one can even raise a question against it.
An app called as Chkfake can help you identify any fake Rs 100, Rs 200, Rs 500, Rs 2000, other currency notes in India.
One can download Chkfake app from Google Play Store or Apple Play store.
Identifying fake currency notes in this app is very easy. In just three clicks you would come to know whether you are carrying a fake or real banknote.
Once you get this app, it is always better to register first for getting expected results.
Firstly search for the banknotes that you want to verify and confirm.
The moment you open the your respective note in the app you can start verifying. Follow simple text and visual instruction to locate and verify different security features on the product.
After doing so, provide your response and get the results of your verification.
Here's a tutorial for you, on how to identify fake notes on Chkfake!
Now that you know, you can also warn your near and dear ones about how to check fake currency notes and to inform the authorities about it when you do detect some.