Counterfeiting of banknotes-RBI

[Kaustubh patel]

To  check  the  menace  of  counterfeiting  of  banknotes,  the  RBI  has  initiated  several measures. These measures include running education campaigns for members of the public and cash handlers so as to facilitate detection of counterfeits. Some of the steps taken in this regard are as follows:

i)          Incorporating new security features/new designs in the bank notes to stay ahead of the counterfeiters is an ongoing process. New security features were added to banknotes in all denominations during the year 2005-06,
ii)         Instructions have been issued to banks to disburse only sorted and genuine notes through their counters/ATMs
iii)        The Reserve Bank regularly conducts training programmes on detection of  counterfeit notes for employees/officers of banks and other organizations handling large amount of
cash. The Reserve Bank’s website provides information to the public on security features of banknotes. Posters on Know Your Banknotes are also displayed at the bank branches. A film depicting the security features of a genuine note has been made by Films Division and
the same has been released by them in theaters besides being exhibited by Regional
Offices of RBI at various exhibitions, bus stations/railway station.
iv)        The  bank  has  also  launched  a  multimedia,  multi-lingual  awareness  campaign,  initially through Doordarshan channels from August 15, 2010. The 60 second film is titled “Paisa Bolta Hai” and is being shown in Hindi and eleven other languages. The film’s message to the common man is to form a habit of examining the banknotes. The contents are also available in www.paisaboltahai.rbi.org.in.

This was stated by the Minister of State for Finance, Shri Namo Narain Meena in a written reply to a question in the Lok Sabha today.

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