Counterfeit money has taken a toll in India and many other nations globally. According to RBI, a total of 4,35,607 fake currencies were detected in 2010-11, mostly in form of Rs. 500 and Rs. 1000 denominations.
A livemint report of 2011 states that four in every thousand currency notes in India are fake.
India’s National Investigation Agency / NIA estimates that over Rs.16,000 crore worth Fake Indian Currency is in circulation. Price of a fake Rs 100 Indian note in Pakistan varies between Rs 26 and 30. (source)
For this RBI recently launched a website “PaisaBoltaHai” which explains how you can detect fake currency notes. This is an excellent initiative which would help people to stay alert and detect a fake note before they take it from some one.
This website helps you to detect fake currency notes of Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 & Rs 1000 denominations.
RBI has also launched a TVC in 11 different languages.
Educate your self and also spread the word.
Excellent and very much needful information to know everyone of Indian citizen. The website launched by RBI is unknown to me.I read a new information from your website.
It’s a great initiative. Would be helpful to many Indians.
You may spread the word
Hey Chirag thanks for spreading the word it’s really worth reading and keep spreading using our social networking accounts because Rs.16,000 crore can cause lacks of people a heavy loss in their life.
I always heard that knowledge is power and that’s true because here it can be a financial power for everyone if they know what is right and what is wrong and yeah thanks to RBI too who is helping the countrymen.