The administration arrangements to change the security elements of higher group banknotes of Rs. 2,000 and Rs. 500 each 3-4 years as per GLOBAL standards. The move comes in the realization after recovery of a lot of fake Indian money notes in most recent four months after demonetisation. A nearby look by the agents on a portion of the as of late seized fake notes found that no less than 11 of the 17 security includes in the new Rs. 2,000 notes had been imitated.
These incorporated the straightforward territory, watermark, Ashoka Pillar seal, the letters ‘Rs. 2000’ on the left, the certification statement with the Reserve Bank of India Governor’s mark and the division number in Devanagari on the front, authorities said.
The issue was talked about tattered at an abnormal state meeting on Thursday went to by senior authorities of the services of Finance and Home, including Union Home Secretary Rajiv Mehrishi.
Pushing the move, Home Ministry authorities said the vast majority of the created nations change security components of their money noticed each 3-4 years and along these lines, it is totally vital for India to take after this approach.
The adjustment in outline of Indian money notes of higher categories was long due. Till its demonetisation, there had been no real change in the Rs. 1,000 note since its presentation in 2000. Changes in the old Rs. 500 note, which was propelled in 1987, were done over 10 years back.
The recently presented notes had no extra security includes and were like those in the old Rs. 1,000 and Rs. 500 notes, authorities said.
Furthermore, the theme of ‘Chandrayaan’, the ‘Swachh Bharat’ logo and the time of printing had been replicated on the turn around side. In spite of the fact that the print and paper nature of the seized fakes was poor, they took after honest to goodness notes.
The authorities said the change of security components of cash notes in each 3-4 years will prompt checking of duplicating all things considered.
The individuals who were captured as of late alongside fake notes with face estimation of Rs. 2,000 have told agents that the notes were imprinted in Pakistan with the assistance of the Inter-Services Intelligence (ISI) and had been snuck into the nation through Bangladesh, the authorities guaranteed.