RBI Launches Website to Help Detect Fake Currency Notes

With an objective to spread awareness among public about fake rupee notes, the Reserve Bank of India (RBI) has set up a web portal explaining ways to detect counterfeit notes. The website www.paisaboltahai.rbi.org.in graphically demonstrates and describes the security features with pointers on rupee notes of denominations – 10, 20, 50, 100, 500, 1000.

This interactive website calls for the public to know about the genuine currency notes with a tagline ‘Pehchano Paise Ki Boli, Kyunki Paisa Bolta Hai’. The website link is available on RBI’s main website as well.

Consumers have the option to download the visual presentation posters with all security features for identifying counterfeit notes. There is also an option to download the documentary film on rupee notes. The website gives details of the number of fake currency notes detected. RBI said that, there was an increase in fake notes over the past few years with a corresponding increase in the total number of notes in circulation.

As per the RBI reports, there were 64,577 million pieces of banknotes in circulation as on March 31, 2011, of them 4,35,607 fake notes were detected by banks in 2010-11. Most fake currency notes are found in denominations of 100 and 500 and they were also the most circulated.

Referring to fake notes in circulation, RBI said that, government and police are taking several measures to deal with the menace. The Governor of RBI, emphasised the need to educate people on ways to distinguish fake currency notes from the genuine ones with security features.

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