Wednesday, July 11, 2012

How Can You Detect Fake Rupee Notes? Check out Paisabolthahai!

With the ATMs mushrooming everywhere, many of us do not roam around with deep pockets. Wherever we go, we just carry these slim ATM/Debit cards or Credit cards to purchase the stuff we want. However, there may be times when we have to transact rupee notes at some places. But, not many of us bother to check whether the rupee note we give or receive is genuine or fake. Years back, I have seen some shoppers scrutinising the rupee notes by rising them above their heads and squinting at something on the note or touch and feel the rupeenotes to check their genuineness. These days, I see no one doing that! Probably, we believe that our rupee notes are printed using hi-tech machines and are completely fool proof. Or, a lot of us may not how how to check whether our Rupee note is fake or not.

As per the latest reports from Reserve Bank Of India (RBI) that issues the currency notes in India, Fake or counterfeited rupee notes are on the rise within the country. In the year 2010- 2011 alone, about 435, 607 forged rupee notes were detected by RBI and other banks in India! Most of these forged notes seep in to our country from the neighbouring countries like Pakistan, Nepal and Bangladesh. The counterfeiters in these foreign countries use ultra-sophisticated rupee printing machines that print top quality rupee notes that are hard to detect for its fake nature.

In a measure to curb the inflow of fake rupee notes, RBI has launched a website named Paisabolthahai. This website can help us people to identify and detect the fake notes that come to our hand. RBI believes that one of the best ways to curb the fake rupee notes is, people developing a habit to check these notes for genuineness regularly. I believe, by all means, this is a great initiative by RBI and we have to learn to check the Rs.500 and Rs.1000 notes, as there are high chances of faking these notes.



Why should we check the genuineness of the rupee notes? Reason no.1 is, even when you get hold of such fake notes without your knowledge, there is absolutely NO exchange Value for these notes. Reason No. 2 is, printing or circulating these forged notes is a punishable offence.

RBI is taking every measure to design and print rupee notes that includes a lot of security features in them. Now, the onus is on us to verify whether the notes we receive have those security features intact. That way, I found Paisabolthahai to be a simple website and very enlightening. Here, you can learn about various denominations of the rupee notes like Rs.1000, Rs.500, Rs.50, Rs.20 and Rs.10 and its security features in detail. Also, the site has links to videos or films made by RBI in several Indian languages that will educate people on ways to check the security features of the rupee notes.

I'm sure you will take some time out to spread the word about this website and also check it out to learn about our rupee notes. Let us, in a small way, help RBI in curbing the fake notes from our country.

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