The Reserve Bank of India (RBI) will shortly put into circulation new 500 and 1000 Rupee Bank Notes by incorporating three new/revised features;
- Ascending size of numerals in the number panels,
- Bleed lines &
- Enlarged identification mark.
The second and third features will aid visually impaired persons in easy identification of banknotes apart from securing them against counterfeiting.
New Features of 500 & 1000 Rupee Bank notes
- Ascending size of numerals in numbering panels: Numerals in both the numbering panels of banknotes will be in ascending size from left to right, while the first three alpha-numeric characters will remain constant in size.
- Angular Bleed Lines : The banknotes of Rs 500 denomination will have five angular bleed lines in three sets of 2-1-2 lines on the obverse in both, the upper left and the right hand edge of the banknote. Similarly, Rs 1000 banknotes will have six angular bleed lines in four sets of 1-2-2-1 lines on the obverse in both, the upper left and right hand edge of the banknotes. These will facilitate identification of these notes by visually impaired persons.
- Enlarged Identification Mark : The existing identification mark (circular-shape in Rs 500 and diamond in Rs 1000 rupee bank notes) near the left edge of the banknote has been enlarged.
The flow of Indian fake currency is not just limited to smuggling from Pakistan, Bangladesh and Nepal now. It has moved quite ahead to central Southeast Asian countries. They have now emerged as important transit points. Malaysia, Thailand and Oman, frequented by Indians, have emerged as the new centers for stocking FICN (Fake Indian Currency Notes) and then circulating it across India.
This move of the additional security features can help bringing a stop on the fake currency trading.
So, next time you come across a ‘different looking’ 1000 Rupee bank note, don’t think you have been conned.
Kindly note that all bank notes in circulation will continue to be legal tender.
(Source: RBI circular) (Image courtesy of [Stuart Miles] / FreeDigitalPhotos.net)