RBI Guidelines 2023: You also have 500 and 2000 notes, then know the new guideline of RBI – very useful.

RBI Guidelines 2023: The Reserve Bank of India (RBI) has warned people about the currency of fake notes of 500 and 2000 rupees. As per the notice, Rs. The number of fake 500 notes has doubled in the last year and Rs. Two and a half times increase in fake notes of Rs 2,000 has been seen.

This is a significant concern for the financial year 2021-22, and the RBI is urging individuals to be careful and take necessary precautions while handling these high-denomination notes. It is recommended to check the note carefully before accepting it and report any suspicious note to the authorities.

RBI Guidelines 2023

The Reserve Bank of India (RBI) has warned people about the currency of fake notes of 500 and 2000 rupees. According to the RBI report for the financial year 2021-22, there has been an increase of 52% in the circulation of fake notes of Rs 2000 and at the same time there has been a significant increase in the circulation of fake notes of Rs 500. The report also states that there has been an increase in circulation of fake notes of other denominations, such as 16.4% increase in fake notes of Rs 10, 16.5% increase in fake notes of Rs 50, 11.7% increase in fake notes of Rs 20 and 11.7% in fake notes of Rs 200. % increase. RBI is urging individuals to be careful and take necessary precautions while handling all types of currency and to report any suspicious notes to the authorities.

Fake notes of 50 and 100 rupees have come down

Reserve Bank of India (RBI) has issued new guidelines regarding the circulation of fake notes in the country, especially in the financial year 2021-22 fake Rs. 500 and Rs. 2,000 notes show a sharp increase in currency with 102%. Increase in fake Rs.500 notes and 52% increase in fake Rs.2000 notes. However, the new guidelines also show a reduction in the currency of fake notes of other denominations, such as Rs. 28.7% reduction in fake notes of Rs.50 and Rs. 16.7% reduction in fake 100 notes. RBI is urging the general public to be careful and take necessary precautions while handling all types of currency and to report any suspicious notes to the authorities.

Highest share in ₹500 note

As per the daily reported data as on March 31, 2021, India Rs. 500 and Rs. 2,000 notes are on the rise, accounting for a significant 85.7% of the total currency. Rs. 500 note has the highest share of 34.9% while Rs. 2,000 note comes second with 51% share. 10 rupee note has the third largest share of 21.3%. These figures show that Rs. 500 and Rs. 2,000 notes are the most widely used notes in India, thus RBI is warning the public to be cautious and take necessary precautions while handling these high-denomination notes and to report any suspicious notes. authorities

RBI Guidelines 2023

To identify a genuine Rs 500 note, you can look for the following features:

• The number 500 is written in Devnagari script on the front side of the note.
• Portrait of Mahatma Gandhi in the center of the note.
• The obverse side of the note read fine print “India” and “RBI”.
• The colour-changing security thread between the words “India” and “RBI” changes from green to blue when the note is held up to the light.

In addition, you can check the following things on ₹2000 note:

• The number 2000 is written in Devnagari script on the front side of the note.
• Portrait of Mahatma Gandhi in the center of the note.
• The obverse side of the note read fine print “India” and “RBI”.
• Colour-changing security thread on the right side of the note, which changes from green to blue when held up to light and tilted.
• A see-through register with the denominational numeral 2000 on the right side of the note when held against the light.
• A hidden image with the denominational numeral 2000 visible when the note is held at a 45-degree angle to eye level.
• It is important to note that these are only a few of the many security features of currency notes and it is always best to refer to the official guidelines issued by the Reserve Bank of India to ensure that you are able to recognize genuine notes.