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SECURITY FEATURES OF CURRENCY NOTE

ANANDHA KRISHANAN GHSAT

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COUNTERFEIT CURRENCY

As per Oxford Dictionary – Counterfeit derived from Latin words Contra and Facere which means “making something against original”.

Something which resembles genuine. Literally means to make a copy or imitation of

something which is genuine with an intent to defraud.

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Various methods used by counterfeiters include:- Letter press printing Offset printing Photocopying – Color Xerox, Color Laser Printing Computer aided printing – Scanning, printing with

inkjet, bubble jet, thermal jet, or laser jet

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PRINTING TECHNIQUE

INTAGLIO - Characters are depressed on the plates and gives. raised impression on the note. LETTER PRESS - Opposite to intaglio printing. - Characters are raised and then been printed on the note. EMBOSSED - Combination of intaglio and letter press.

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LITHOGRAPHIC TECH - Spcl absorption stone is used - Oil/ greasy ink is used in character then painted and been treated with water.(paint will get stuck to other areas except water) - Treated with spcl ink which gives ink impression on areas where oil is present. - Has fine details - Back side of the note is printed using this tech

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SECURITY FEATURES See through Register. Watermark. Optically Variable Ink. Security thread. Intaglio Printing. Latent Image. Micro lettering. Identification mark. Omron circle.

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SEE THROUGH REGISTER - Small floral design on F/B. - The design will appear as one when seen against the light . WATERMARK - Mahatma Gandhi’s water mark will be seen with a light and shade effect. OPTICALLY VARIABLE INK - Green and blue color. - OVI (color shifting ink) .

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SECURITY THREAD - With 3mm width. - “Bharat” in Hindi and RBI seal. - Blue/Green. - Greenish on reverse side. - Florescent text is visible under U.V INTAGLIO PRINTING - Portrait of M.G. - RBI seal. - Guarantee and clause . - Asoka pillar emblem (left). - Governor’s sign.

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LATENT IMAGE - Seen in 1000/500/100. - Vertical band on the right side of Gandhi's portrait’. - Denominational value in numerals. - Visible when held horizontal at eye level. MICRO LETTERING - Appears between the vertical band and Mahatma Gandhi’s portrait. -RBI with denomination. - Visible under magnifying lens.

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IDENTIFICATION MARK - Left side with intaglio printing. - Different shape for different notes. 100 rupee 500 rupee 1000 rupee - For visually impaired. OMRON CIRCLE - Anti copying feature. - 100/500/1000.

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NEW ADDED FEATURES

Ascending order number panel. Enlarged identification mark. Bleed line - 100 rupee 2 blocks 2:2. - 500 rupee 3 blocks 2:1:2. - 1000 rupee 4 blocks 1:2:2:1.

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Section 489A to 489E

Printing and circulation of forged notes are offence under section of 489A to 489E of IPC and punished in court of law by fine or imprisonment or both.

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IMPACT OF FICN ON INDIAN ECONOMY

Anti-national activities. Currency inflation. Dumping of cheaper products. Black marketing.

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HOW RBI CONTROL FICN PROBLEM

RBI has launched a website “www.paisaboltahai.rbi.org” to raise awareness among masses about fake notes in the market.

RBI puts 2005 as expiry date on currency notes to curb fake money.

The central bank has to perform a wide range of promotional functions to control FICN.

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Water Marks

G F

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Security Thread

G F

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UV Fluorescence

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SEE THROUGH REGISTER

G F

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MICRO LETTERING

G F

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WEBLIOGRAPHY

RBI website. http://www.businessinsider.in/9-ways-to-identify-a-fake-currency-note/

articleshow/47881194.cms http://www.livemint.com/HomePage/9NSxNFvWkjsNYOfmkHeCWM/

Govt-report-says-4-in-every-1000-notes-are-fake.html

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POINTS TO BE ADDED???