RBI Guidelines 2023 : New guidelines of RBI announced regarding 500 and 2000 notes

RBI Guidelines 2023 : The Reserve Bank of India (RBI) has warned people against the circulation of fake 500 and 2000 rupee notes. According to the notification, the circulation of Rs. 500 counterfeit notes have doubled in the last year and Rs. 2,000 fake notes, a one and a half times increase.

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

RBI Guidelines 2023

RBI માર્ગદર્શિકા 2023 વાંચવા અહીં ક્લીક કરો

 

The Reserve Bank of India (RBI) has warned people against the circulation of fake Rs 500 and Rs 2000 notes. According to the RBI report for the financial year 2021-2022, the circulation of fake Rs 2000 notes has increased by 52% and the circulation of fake Rs 500 notes has also increased significantly. The report also said that the circulation of fake notes of other denominations increased, such as 16.4% increase in fake 10 rupees, 16.5% increase in fake 50 rupees, 11.7% increase in fake 20 rupees and 11.7% increase in fake 200 rupees. rupee notes. % increase. The RBI urges individuals to exercise caution and take necessary precautions when handling all kinds of currency and report any suspicious currency notes to the authorities.

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50 and 100 fake notes reduced

The Reserve Bank of India (RBI) has issued new guidelines regarding the circulation of fake notes in the country, specifically the fake Rs. 500 and Rs. 2,000 notes marked a sharp increase with 102% in circulation. Increase in fake Rs 500 and 52% increase in fake Rs 2000. However, the new guidelines also see a reduction in the circulation of fake notes of other denominations such as Rs. 50 fake notes reduced by 28.7% and Rs. 100 fake notes reduced by 16.7%. RBI urges the public to be vigilant and take necessary precautions when handling all types of currency and report any suspicious currency notes to the authorities.

More shares in 500 notes

As per data recorded on March 31, 2021 in India Rs. 500 and Rs. 2,000 notes are on the rise, representing a significant share of 85.7% of the total currency. Rs 500 note has the highest share of 34.9% while Rs. The 2000 note is in second place with a 51% share. The 10 rupee note has the third largest share of 21.3%. This figure shows that Rs. 500 and Rs. 2,000 notes are the most widely used notes in India and hence RBI warns the public to be vigilant and take necessary precautions when handling these high value notes and report any suspicious notes. authorities

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RBI Guidelines 2023

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

The number 500 is written in Devanagari script on the front of the note.
Portrait of Mahatma Gandhi in the middle of the note.
On the obverse side of the note are small letters “India” and “RBI”.
A color-changing security strip between the words “India” and “RBI” that changes from green to blue when the note is held up to the light and tilted.
You can check the following items on the ₹2000 note
The number 2000 is written in Devanagari script on the front of the note.
Portrait of Mahatma Gandhi in the middle of the note.
On the obverse side of the note are small letters “India” and “RBI”.
A color-changing security strip on the right side of the banknote that changes from green to blue when tilted against the light and tilted.
Transparent register with face value 2000 on the right side of the note when held up to the light.
Latent image with the number 2000 visible when the banknote is held at a 45 degree angle at eye level.

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It is important to note that these are just a few of the many security features of banknotes and it is always best to consult the official guidelines issued by the Reserve Bank of India to ensure that you are able to identify genuine banknotes.

RBI માર્ગદર્શિકા 2023 વાંચવા અહીં ક્લીક કરો

Conclusion – RBI Guidelines 2023

Rs 500 and Rs. It is important for individuals to be aware of the guidelines issued by the Reserve Bank of India (RBI) to identify fake Rs 2,000 notes. RBI has announced a significant rise in fake currency circulation in the financial year 2021-22 with counterfeit Rs. 500 notes 102% and Rs. 2,000 fake notes increased by 52%.

To identify a genuine banknote, individuals can look for distinguishing features such as 500 written in Devanagari on the front, an image of Mahatma Gandhi in the center, and the India-India color-changing thread on the security strip. It is important to be informed and vigilant to protect yourself from fake notes. And spreading this information and sharing this information with others is also important so that you don’t fall victim to fake notes.

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