The Rs 100 note has emerged as a very common currency for transactions in India. However, with the increase in counterfeit notes of Rs 100, a panic has emerged in the general public. After the withdrawal of Rs 2000 notes, this problem was brought to limelight as the level of fake currencies in circulation began to rise especially in the lower denomination.
Understanding the Threat
The fake notes are prepared with such care that it becomes hard for an untrained eye to differentiate between the original and the fake currency. These counterfeit notes affect the individual but also disturb the economy and break the trust of the public in the financial system.
RBI Guidelines for Identifying Genuine Notes
To equip the citizens in this battle, the Reserve Bank of India has come up with clear guidelines for identifying authentic Rs 100 notes: Watermark: The light will reveal the prominent image of Mahatma Gandhi and number “100.” Floral Pattern: Noticeable floral pattern in the vertical strip beside the watermark Security Strip: The security strip is visible at the right edge of the note. On changing the position of the note from blue to green, the colour keeps on changing Hidden Writing: The words “RBI, 100” are clearly noticeable when the note is tilted.
Key Places to look for
Color and Texture: Real notes are easily felt and distinguished by color; the slight differences may exist with the spurious ones.
Intaglio Printing: Check out the raised print on Mahatma Gandhi’s image and on the numerals. See-through Register: Behind this note, if held to the light, one can see the invisible image of “100”.
Public Awareness is Vital
There must be a multi-pronged effort to combat counterfeits of currency. It is an initiative that begins from the public arena. By getting educated about security features of legitimate notes and through careful examination of currency, fake notes can greatly be curbed in circulation.
The Role of Technology
This can also be dealt with by the use of technology. Advanced technologies such as image recognition and machine learning can be used to better detect and identify counterfeit notes.
Conclusion
The surge in counterfeit Rs 100 currency calls for collective vigilance and effort. Through awareness of RBI guidelines, cautious scrutiny of the currency, and technological advancements, we can tackle this threat and protect the sanctity of our financial system.
Disclaimer: This article is for general information purposes only and should not be construed as a financial advisory service.
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