Counterfeit money

How to identify pre-2005 currency notes

This note has the year of printing clearly printed in the middle of the bottom row on the backside. The Reserve Bank of India (RBI) has announced its plans to withdraw all currency noted issued before 2005. Financial experts believe that the move is largely aimed at removing fake or counterfeit currency embedded into the… Read More

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RBI Clarification – Detection and Reporting of counterfeit notes

RBI/2012-13/562 DCM (FNVD) No.5840/16.01.05/2012-13 June 27, 2013 The Chairman and Managing Directors/ Chief Executives Officers of All Scheduled Commercial Banks Madam / Sir, Detection and Reporting of counterfeit notes Please refer to the paragraph 115 (extract enclosed) of the Monetary Policy Statement for 2013-14 announced on May 3, 2013. It was indicated therein that the… Read More

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Report on Efforts to Check Fake Currency Notes

The Shilabhadra Banerjee Committee constituted to review the acquisition procedure of the security features for currency notes has submitted its report to the Government. The main recommendations of the Committee and action taken thereon are indicated below: i) Creation of Directorate of Currency: Directorate of Currency has been set up in the Ministry of Finance.… Read More

Tags: Bharatiya Reserve Bank Note Mudran (P) LimitedCounterfeit moneyDirectorate of CurrencyReserve Bank of IndiaSecurity printingSecurity Printing Minting Corporation of India LimitedShilabhadra Banerjee Committee

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