Beware of Fake Money, Spread this message and Save India
There has been huge rise in the number of counterfeit notes in the last one year. According to recent RBI data, the value of fake currency detected in 2007-08 rose by 137 per cent to Rs 5.5 crore (Rs 55 million) from 2.4 crore (Rs 24 million) in the previous financial year. Counterfeited notes have even made it to ATMs! It's high time you should be aware of those fake currencies. Moreover, the counterfeited notes looks so convincing that it is very difficult to differentiate them from genuine notes. Here are a few intricate points that you should take care of while dealing with paper money.
Serial numbers are printed with fluorescent ink, which can be seen when viewed under an ultraviolet lens.
Floral design on the left side - half the denomination of the currency will be printed on the front side and the other half on the back side। If seen against bright light, the complete denomination appears. Just below the floral print, a mark is made in intaglio (embossed print, where the image is slightly raised) for the visually-impaired to identify the denomination. For the Rs 500 note, the mark is a circle, for the Rs 100, it is a triangle and a square for the Rs 50.
Except Rs.10/-, there is a symbol in intaglio, or raised print. This aids the visually impaired in identifying the currency easily. The symbols are a Vertical Rectangle for a Rs.20 note, A square for a Rs.50 note, A Triangle for a Rs.100 note, A circle for a Rs.500 note and A diamond for a Rs.1000 note.
Similarly, a portrait of Mahatma Gandhi, the RBI seal, a guarantee and promise clause, a Ashoka Pillar emblem on the left and RBI Governor's signature are all printed on intaglio
The guarantee clause, Mahatma Gandhi's picture, the Reserve Bank Seal, Ashoka Pillar and Emblem, and the RBI governor's signature are also printed in intaglio, i.e. raised print.
A band printed on the right side contains a latent image of the denomination of the banknote. The numeral appears when the currency is held horizontally at eye level.
On the extreme right of Rs20, Rs50, Rs100, Rs500, and Rs1000 notes the flowery pattern is actually a latent image of the denomination of the currency। This image of course can be seen only when the note is held horizontally and light is allowed to fall on it at 45 degrees.
There are alphabets and numbers (and not patterned dots) behind the portrait of Mahatma Gandhi on the note. Depending on the currency, in very fine print you will find the words RBI 1000, RBI 500, RBI 100, RBI 50 or RBI 20 printed there. Get a magnifying mirror for this one if your eyesight isn't too good.
A wide security thread with inscriptions "Bharat" in Hindi and "RBI" runs through the banknote। The thread fluoresces on both sides in ultraviolet light. Govt's Take on Counterfeited CurrencyGovt's and the RBI's take on fake currency is not sufficient. All you can do while encountering counterfeited notes is lodge a complaint at the nearest police station mentioning the source of those notes such as ATM, Bank or the person. If bank finds counterfeited notes from a depositor it issues an official letter to the depositor and destroys the notes. There is no mechanism to ensure that the customer gets his money back and nor are there any guidelines or rules to protect the customer from this problem. The game is all about passing the buck, and whoever is in possession of the fake currency, is the culprit.
प्रेषक -- भारतीय रिजर्व बैंक ऑफ़ इंडिया