RBI tells currency notes that are accepted to careful scrutiny.

October 27, 2016
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The RBI on Wednesday cautioned the public to subject currency notes that are accepted to careful scrutiny.

The central bank requested members of the public to make it a habit torbi_jpg_2801945f look at the notes before accepting them in the usual course of daily transactions and help arrest the counterfeiting of Indian banknotes.

The RBI, in a statement, said genuine Indian currency notes of higher denominations have strong counterfeit resistant security features. The fake notes can be identified on closer inspection.

Security features

According to the RBI, detailed information on the security features on the banknotes are available on its website and the public may familiarise themselves with these features and educate others also.The central bank reminded all stakeholders that counterfeiting of notes, or possession, exchange, acceptance, putting into circulation of counterfeit notes or in any way abetting such actions are offences under the Indian Penal Code and such actions are liable to be punished stringently.

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