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 the 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 the 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 the 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 tiny font 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

Every Indian currency note has a unique serial number printed on it. 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.

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The Finance Ministry has issued a circular. Once again the ministry has been questioned in the Parliament that how much the value of currency notes has increased after demonetisation… Along with this, the government has also made a big disclosure regarding the notes of 500 and 2000 rupees.

The Ministry has given the information

in the reply received from the Ministry of Finance that after demonetisation there has been an increase in the value of currency notes. How much circulation of digital currency e-rupee has taken place till 28 February 2023.

RBI released the report

According to the annual report (banknotes and coins) of the Reserve Bank of India, the circulation of currency in the year 2017 was Rs 13,35, 200 crore. It is 8.7 percent in proportion to GDP. In March 2018, currency worth Rs 18 lakh 21 thousand 318 crore was in circulation. This is 10.7 percent in proportion to GDP. In March 2019, 21 lakh 36 thousand 746 crore currency was in circulation.

The post is going viral on social media,  let us tell you that these days a post is going viral on social media, in which information is being given that the facility of exchange of old notes of 500-1000 for foreign nationals has been further extended. Has gone. After seeing this post, there has been panic among the people.

Demonetisation took place on 8 November

Let us tell you that on 8 November 2016 Prime Minister Narendra Modi had announced demonetisation in the country. After this, the currency of 500 and 1000 rupees was banned in the country from midnight on the same day. However, after this people were allowed to exchange notes from the bank.

The post Indian Currency Notes: Big news! Revealed by taking notes of 500 and 2000 rupees, RBI released the report first appeared on Rightsofemployees.com.