Do you have fake Rs 10, Rs 50, Rs 100 notes in wallet? Beware! Don’t get in trouble, do this ASAP

Do you have fake Rs 10, Rs 50, Rs 100 notes in wallet? Beware! Don’t get in trouble, do this ASAP

Post demonetisation, there has been a massive enhancement in India’s currency chest. India 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. 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.

Data of RBI revealed that, detection of counterfeit notes was 31.4 per cent lower than the previous year. Counterfeit notes detected in SBNs decreased by 59.7 and 59.6 per cent in the denominations of Rs 500 and Rs 1000, respectively, as the same comprised only the residual part of SBN deposits processed during the year 2017-18.

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Further it was known that, compared to the previous year, there was an increase of 35 per cent in counterfeit notes detected in the denomination of Rs 100, while there was a noticeable increase of 154.3 per cent in counterfeit notes detected in the denomination of Rs 50.

Following which RBI said, “Out of the total Fake Indian Currency Notes (FICNs) detected, the share of FICNs detected at the Reserve Bank was higher at 36.1 per cent as compared to 4.3 per cent during the previous year. This was because of processing of large volume of SBNs withdrawn from circulation.”

There are many situations where you end up receiving a fake currency notes. It can be through either ATMs, misprint of bank notes or through shops or vendors.Apart from this, fake notes can also be an outcome of terror finance and money laundering, thereby leading to creation of black money in India.

Counterfeit notes are said to be an imitation of legal currency sanctions by central bank and government. Producing or even using such notes are seen as fraud and forgery.

Coming to new small denomination banknotes namely Rs 10, Rs 50 and Rs 100, there can be chances that you might end up carrying fake notes.

Not many of us know the ways of identifying a fake currency. RBI has already rolled out proper guidelines on features to look out for to tell real banknotes apart from fake ones, but a majority of people in India are still unaware in how to spot the difference.

In case you end up having fake currency notes in your pocket and have your doubts about them, here’s how you can reveal whether your Rs 10, Rs 50 and Rs 100 is real or fake.

New Rs 100

Obverse (Front)

  • See through register with denominational numeral 100,
  • Latent image with denominational numeral 100,
  • Denominational numeral १०० in Devnagari,
  • Portrait of Mahatma Gandhi at the centre,
  • Micro letters ‘RBI’, ‘भारत’, ‘India’ and ‘100’
  • 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,
  • Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait,
  • Ashoka Pillar emblem on the right,
  • Mahatma Gandhi portrait and electrotype (100) watermarks
  • Number panel with numerals in ascending font on the top left side and bottom right side,
  • For visually impaired intaglio or raised printing of Mahatma Gandhi portrait,
  • Ashoka Pillar emblem, raised triangular identification mark with micro-text 100,
  • Four angular bleed lines both on the right and left sides.

Reverse (Back)

  • Year of printing of the note on the left
  • Swachh Bharat logo with slogan
  • Language panel
  • Motif of RANI KI VAV
  • Denominational numeral १०० in Devnagari

New Rs 50 

Obverse (Front)

  • See through register with denominational numeral 50,
  • Denominational numeral ५० in Devnagari,
  • Portrait of Mahatma Gandhi at the centre,
  • Micro letters ‘RBI’, ‘भारत’, ‘INDIA’ and ‘50’,
  • Windowed demetalised security thread with inscriptions ‘भारत’ and RBI,
  • Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait,
  •  Ashoka Pillar emblem on the right,
  • Mahatma Gandhi portrait and electrotype (50) watermarks,
  • Number panel with numerals growing from small to big on the top left side and bottom right side.

Reverse (Back)

  • Year of printing of the note on the left,
  • Swachh Bharat logo with slogan,
  • Language panel,
  • Motif of Hampi with Chariot,
  • Denominational numeral ५० in Devnagari.
  • Dimension of the banknote will be 66 mm x 135 mm.

New Rs 10

Obverse (Front)

  • See through register with denominational numeral 10
  • Denominational numeral १० in Devnagari,
  •  Portrait of Mahatma Gandhi at the centre,
  •  Micro letters ‘RBI’, ‘भारत ‘, ‘INDIA’ and ’10’,
  •  Windowed demetalised security thread with inscriptions ‘भारत’ and RBI,
  •  Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait,
  •  Ashoka Pillar emblem on the right,
  •  Mahatma Gandhi portrait and electrotype (10) watermarks,
  •  Number panel with numerals growing from small to big on the top left side and bottom right side.


Reverse (Back)

  • Year of printing of the note on the left,
  • Swachh Bharat logo with slogan,
  • Language panel,
  • Motif of Sun Temple, Konark,
  • Denominational numeral १० in Devnagari.
  • Dimension of the banknote will be 63 mm x 123 mm.

Now, that you know, rush and empty out your pockets, wallets and purses and check whether there are any fake Rs 10, Rs 50, Rs 100 notes with you.

 

Source:- zeebiz

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