RBI warns against fake notes of 50, 200 in circulation; RBI issues guidelines on how to identify them

Financial Awareness Week will be marked by RBI and has informed how people can identify a fake currency note.

Amid the growing circulation of fake currency notes, the Reserve Bank of India (RBI) has decided to alert people aware of how to identify the counterfeit notes. A racket is circulating fake notes of a lower denomination like Rs 200 and Rs 50. 

The RBI has decided to raise awareness about the fake notes to mark the occasion of Financial Awareness Week. 

The central bank's Regional Director Laxmikant Rao has also informed on how people can identify a fake currency note and on how customers can complain about any grievances over the bank services or any other bank-related issues. 


Here are some ways to identify real currency:-

Mahatma Gandhi’s portrait will be at the centre.

  •  A see-through register with denominational numeral 50 on the note.
  •  A denominational numeral in Devnagari script.
  •  Micro letters ‘RBI’, ‘भारत’, ‘INDIA’ and ‘50.’
  •  The note should have Windowed demetalised security thread with inscriptions ‘भारत’ and RBI. 
  •  Guarantee Clause, Governor’s signature with Promise Clause and RBI emblem towards the right of Mahatma Gandhi portrait should be on the note.
  •  Ashoka Pillar emblem on the right of the note's back.
  •  Check for a number panel with numerals growing from small to big on the top. left side and bottom right side.
  •  Year of printing of the note is on the left at the note's back.
  •  Check for Swachh Bharat logo with slogan.
  •  The motif of Hampi with Chariot.
  •  Language panel 

Also Read: Love Apple products? Head over to Amazon now

Citizens are becoming more careful with higher denomination notes, so the fraudsters have taken another route and are now jumping to smaller currency notes like Rs 50, Rs 100, Rs 200. 

People have been advised by the Central bank to make sure that they are receiving and dealing in the real currency notes and if they come across a counterfeit or fake note, should immediately inform the concerned administration. 




Get the latest update about Business news, check out more about English, Fake Currency, Announcements & True Scoop News

Like us on Facebook or follow us on Twitter for more updates.