Identify Fake Currency: In this article we are listing all security measures taken by RBI in order to prevent the currency from being faked. Recently India’s Prime Minister Shri Narendra Modi have announced the banning of Rs. 500 & Rs. 1000 currency notes in order to fight against black money holders and fake currency distributors.
After banning of Rs. 500 & Rs. 1000 notes, new currency notes of Rs. 500 & Rs. 2000 are coming with additional and better security features for Indian currency which will help in preventing the spread of fake currency and moreover shutting down of black money.
Note: Due to miss use of Rs 2000 note RBI has decided to reduce currency circulation .This will impact liquidity of Rs 2000 note circulation.