RBI Issues Alert For Fake Rs 20, 50 Currency Notes: How To Identify Them Quickly?
Latest reports reveal that scammers running a racket of counterfeit notes have shifted their focus on circulating lower denomination notes like Rs 50, Rs 100 and Rs 200 since people are more hawk-eyed regarding higher denomination notes.
As RBI is celebrating Financial Awareness Week, Regional Director Laxmikant Rao has chimed in on the new strategies adopted by scammers and how to pick out fake notes from the real ones.
Things to Look Out for From the Front Face of the Note (Rs 50 note for example)
- See-through register with denominational numeral 50, or as per the official RBI website- “The small floral design printed both on the front (hollow) and back (filled up) of the note in the middle of the vertical band next to the Watermark has an accurate back to back registration. The design will appear as one floral design when seen against the light.”
- Denomination of the note printed in Devanagari ??
- Mahatma Gandhi’s portrait at the centre
- Microlettering as- ‘RBI’, ‘????’, ‘INDIA’ and ‘50’- noticeable between vertical band and Mahatma Gandhi’s portrait, better seen with a magnifying glass
- Windowed demetalised security thread with inscriptions ‘????’ and RBI. The security thread appears to the left of the Mahatma’s portrait.
- Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait
- Ashoka Pillar emblem on the right
- Number panel with numerals increasing in size on the top left and bottom right
How To Identify Fake Currency From Reverse (Back)?
- On the left, the year the note was printed is visible.
- Swacch Bharat logo (Mahatma Gandhi’s glasses) with slogan printed below in Hindi (“Ek kadam swachhata ki ore”)
- Language Panel -each banknote has its amount written in 17 languages, English and Hindi on the front and 15 others on the back reflecting India’s diversity)
- Motif of Hampi with its famous chariot
- Also denominational numeral ?? in Devnagari
Have a Complaint against a Bank but it isn’t Listening?
Rao has advised logging into https://cms.rbi.org.in for complaints against either the apex bank or any others under its aegis.
He has asked the public to be more watchful in their cash dealings. If one finds a counterfeit note they are urged to report the same to the concerned authorities.