Identify Fake Notes…
Posted by Deepak Shetty on June 25, 2009
You are in emergency you need immediate cash you rush to your nearest ATM, withdraw cash without knowing whether the cash the ATM machine has delivered is fake or not as it’s the ATM of a bank you been banking since past many years. But guys a lot of fake notes have come into market which has also reached the ATM machines of our trusted banks. Terrorists and criminals are manufacturing such notes very intelligently. Duplicate currency is manufactured in Pakistan and Bangladesh. The fake notes are brought into India through Nepal by Pakistan’s ISI and other terrorist groups. The amount of fake Indian currency in existence today is huge. According to one national daily, in UP alone over Rs.40 crores is estimated to be in circulation. This might be the tip of the iceberg. The fake notes generate easy money for terrorists which use it for antisocial activities.
So its very important for us being a Common Man to identify a fake note.
Look at all your notes carefully before taking it from the ATM or receiving it from another person, even if he is a trusted person because fake notes are increasing. Look at some of these things on your notes
Check the Watermark?
Watermark is seen on empty portion on the left side of the note. Hold note against the light. One should be able to see a portrait of Mahatma Gandhi in this space, along with multi-directional lines and an electrolyte mark showing the denominational numeral (i.e.100, 500, etc)
Check the Micro-lettering?
-Hold the note at eye-level. Look into the gap between the vertical band on the right and the portrait of Mahatma Gandhi. In genuine notes, one should be able to see the word RBI and the denominational numeral in this space.
-Hold the bank note horizontally, with the right vertical band facing you. One should be able to see a latent image of the denomination.
-Hold the note up against light. On the left of the portrait and half down the vertical band on the side, one can see a floral design, which appears hollow on the front side and filled up on the opposite side. The denominational numeral can be seen as a whole in this floral design, though the half of the numeral is printed on one side and the other half on the opposite side.
Identification marks – This is to help the visually impaired to identify the denomination
See below the floral design. One can see a dark patch in intaglio print (raised print). The shape of the intaglio print varies according to the denomination of the note. Different shapes for various denominations (Rs 20 – vertical rectangle, Rs 50 – square, Rs 100 – triangle, Rs 500 – circle and Rs 1,000 – diamond) are available.
Other features that appear in intaglio print:
Seal of the RBI, The guarantee and the promise clause, RBI Governor’s signature, The Ashoka pillar emblem, Mahatma Gandhi portrait
As Politicians, experts, retired bureaucrats and media pundits keep quiet on this issue and don’t talk much as financial interests are involved in purchase of Japan made “ Komori” currency printing machines which are inferior to the Swiss made “ Giori” currency printing machines. Its we who have to be careful and take the necessary precaution of our hard earned money , If you get a fake note from an ATM, take it back to the branch from where you initially got it. Provide the time of the transaction, the amounts involved and the denominations . The bank may be able to trace the transaction.
To know more about identifying fake notes as per denominations click on link below :
For 10 Rupess Note, For 20 Rupees Note, For 50 Rupees Note, For 100 Rupees Note, For 500 Rupees Note, For 1000 Rupees Note.
Source : RBI & Google