- Charith Asalanka to lead Sri Lanka in first two T20Is vs Bangladesh
- Tripura tribal party blocks state's lifeline over ‘Greater Tipraland’ demand
- Suvendu Adhikari submits list of 17 lakh ‘fake' voters in Bengal to ECI
- Aarogya Suraksha camp held in 17th ward of Krishna district
- WPL: 'We'll keep things simple and give our 100%,' says Delhi Capitals' Radha Yadav ahead of clash against RCB
- Sri Rukmini Satyabhama Sametha Venugopala Swamy Temple in Thimmapuram
- Alla Nani Participates in Alla Nani Athmeeya Sammelanam meeting
- Indian scientists ace 1st human clinical trial of haemophilia A gene therapy
- Tenth anniversary of Hanumachshastri was celebrated
- Congress announces candidates for Meghalaya Lok Sabha seats
New numbering to check counterfeit notes
New numbering to check counterfeit notes. A new numbering system and seven new security features will be incorporated in all currency notes, especially in high denomination Rs 1,000 and Rs 500 notes, in order to check the menace of Fake Indian Currency Notes (FICN).
New Delhi: A new numbering system and seven new security features will be incorporated in all currency notes, especially in high denomination Rs 1,000 and Rs 500 notes, in order to check the menace of Fake Indian Currency Notes (FICN).
The Bhartiya Reserve Bank Note Mudran Pvt Limited (BRBNMPL) and Security Printing and Minting Corporation of India Limited (SPMCIL) have initiated steps for introduction of the revised number pattern, official sources said.
Initially, it will be made part of Rs 1,000 and Rs 500 currency notes and, by May next year, currencies of all other denominations will have this feature, they said. Besides, the government has approved seven new security features, details of which are not yet known, in the bank notes, the sources said.
RBI has also asked the banks to stamp fake notes detected over the counter as "COUNTERFEIT NOTE" and impound them immediately. Banks found not following the procedure will be penalised. They have also been instructed to issue a receipt for counterfeit notes to the tenderer of the FICN, they said.
As per the estimates, fake Indian currency notes of face value of Rs 30 crore have been seized. National Investigation Agency (NIA) has been made the nodal agency for FICN cases as the government treats this menace as ‘economic terrorism’.
The flow of fake notes is no longer limited to smuggling from the border areas of Pakistan, Bangladesh and Nepal but Southeast Asian countries have lately emerged as important transit points. Malaysia, Thailand and Oman, frequented by Indians, have emerged as the new centres for stocking FICN and then circulating it across India, the sources said.