What are Counterfeit Notes?

Table of Contents

1. Movie Case Study
2. What are Counterfeit Notes?
   1. The following numbers show various features:
3. Demonetization

Movie Case Study

The scene that you saw shows Shakti Kapoor selling a fake currency printing machine to Mcmohan for Rs. 1,00,000. Although McMohan believes he has received a machine that will help him print currency note is actually a fruit juice machine.

In this blog, Learning Perspectives will explore the meaning of counterfeit notes.

What are Counterfeit Notes?

Counterfeit notes are essentially fake currency. In India, many people run the business of printing fake notes. This is a common occurrence in the country. Reserve Bank of India gives out conditions on how to detect a counterfeit note.

RBI clearly lists down the features of a banknote so that a counterfeit note can be detected by the bank and also by the general public.

Here various numbers give the features of the Rs. 500 note.

The following numbers show various features:

1 Indicates the see-through register in the denominational numeral. (₹ 500)

2 Indicate a latent image of the denominational numeral (₹ 500)

3 Denominational numeral in Devnagri

4 Orientation and relative position of Mahatma Gandhi’s portrait changed.

5 Indicate the micro letters Bharat or India.

6 Windowed security thread that changes color (green to blue) when the note is tilted

7 Is the guarantee clause, Governor’s signature, and promise clause.

8 shows Mahatma Gandhi’s portrait and the 500 electrotype mark.

9 Shows the number panel where numbers are growing from small to large on the top left side and bottom right side.

10 Indicates the denomination in numerals changing color from green to blue on the bottom right.

11 Shows the Ashoka emblem pillar on the right

12 Is for the visually impaired, circle with Rs. 500 raised print on the right

13 5 bleed lines on the left and right are for the visually impaired.

14 Indicate the year of printing

15 Shows the Swachh Bharat logo and slogan

16 Shows the language panel towards the center.

17 Shows Red fort an image of an Indian heritage site with a colored Indian flag

18 Shows Rs. 500 in Devnagri script.

Demonetization

Demonetization in November 2016 scrapped Rs.500 and Rs. 1000 notes. Later new Rs. 500 were published. The new ₹500 notes were in the Mahatma Gandhi (New) Series.

These were different from the present series in color, size, theme, location of security features, and design elements. The size of the new note is 66mm x 150mm. The color of the notes was stone grey and the predominant new theme was the Indian heritage site – Red Fort.

Anything that is not the same as the features mentioned above is considered copied or fake notes. Recently a special operations group recovered counterfeit currency notes having a face value of ₹ 5,80,900 in Jaipur Next time, be mindful when exchanging high-value notes.

References:

https://paisaboltahai.rbi.org.in/Home.aspx