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Flooded fake notes in INDIA-BEWARE!!!!

June 26, 2009 17 comments

Are you all aware that you might be having a fake 1000,500,100 or 50 rupee notes without your knowledge.We all know the importance of money in life.Life is miserable without money.Indian market is flooded with fake notes.Even ATM machine dispenses fake notes (read more http://www.expressindia.com/latest-news/is-your-atm-doling-out-fake-notes/476126/).It is very important for all us to learn to identify the fake note.It is your duty to check the note which you are receiving is a real or not.EXCHANGING THE FAKE NOTE IS A CRIME.This effects the economy of our country and its development.

As per Reserve Bank of India (RBI) figures, in 2007-08, about 1.95 lakh fake notes amounting to Rs 5.5 crore (twice the amount detected a year ago) were detected by commercial banks in India.

A 50 year old terrorist was caught with the fake notes in Delhi.click on this:- http://timesofindia.indiatimes.com/Cities/Delhi/50-year-old-LeT-terrorist-nabbed-with-fake-notes/articleshow/4618342.cms

Fake notes worth Rs2000 crore in circulation.Notes beginning with serial no 2 AQ & 8 AC are suspect.click on this:- http://indiatoday.intoday.in/index.php?option=com_content&task=view&id=48403&issueid=111&sectionid=4

Read the circular from RBI :-

Circular from RBI

Read more…

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