Security Feature to be added in Currency Notes

The government today said it is working towards introducing security features in currency notes across all denominations to check the menace of counterfeiting.

“Counterfeiting of our currency is a matter of great concern for the government… to check this menace of fake currency, an exercise for introduction of security features in all denominations of Indian Bank Notes is under way,” Finance Minister Pranab Mukherjee said.

The initiative, he added, is being piloted by the Directorate of Currency.

The Finance Minister said that to tackle the problem of counterfeiting, Security Printing and Minting Corporation of India Limited (SPMCIL) has already taken steps to produce indigenous raw material for the production of bank notes.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates