Flooded fake notes in INDIA-BEWARE!!!!
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§ionid=4
Read the circular from RBI :-
How to identify fake notes ?
(reference from http://www.indiastudychannel.com)
How to look for the Watermark?
This 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)
What is 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
1. Seal of the RBI
2. The guarantee and the promise clause
3. RBI Governor’s signature
4. The Ashoka pillar emblem
5. Mahatma Gandhi portrait
Intaglio print is absent on a fake note. Features 2,3 will be showing a lot of differences in case of a fake note.
What Is Security thread?
It is 1.4 mm wide. It appears in breaks on the front of the original note. However, from the back, it looks like a complete line. The words RBI and Bharat (in the Devanagari script) inscribed on it. Appears yellow in ultra-violet ( UV) light. This thread will not glow if its a fake note. Continuity of the security thread is not maintained if its a fake note.
Other features seen on Rs 500 or Rs 1,000 note. Look for colour changes
Hold onto a Rs 500 or Rs 1,000 note. The colour of the numeral will change from green (when you hold the note flat) to blue (when it is held at an angle).
What features one can see in UV light?
1. The optical fibres on the bank note make themselves visible when held under ultraviolet light. In case of a fake note, optical fibres are less in number.
2. The year of printing of the original note should also be visible in the middle and the reverse side near the bottom.
3. Genuine note is made of a fibre, which has a “unique feel” and “a crackling sound.” These features are seen with the notes that were released after 2005.
What to do if you come across a fake note?
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.
I request all the people to learn how to identify the fake note.You can also use fake note detector to identify a fake note.The machine cost is Rs5000-Rs7000. Even fake note detector with alarm is available in market.check out this http://hyderabad.quikr.com/c-For-Sale-Office-Equipment-FAKE-NOTE-DETECTOR-MACHINE-WITH-ALARM-FIRST-TIME-IN-INDIA–W0QQAdIdZ53177219
DISCLAIMER : All data and information provided in this post is for informational purposes only. I do not under take any responsibility for the accuracy, completeness, correctness, suitability, or validity of any information on this post and will not be liable for any kind of damages caused because of this post. Please check out any official website of Indian government to keep yourself updated on details of fake notes and ways to identify them.
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