Skip to main content

Featured Post

How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
Post a Comment

How to differentiate between genuine and fake currency notes?

How to differentiate between genuine and fake currency notes?

 


The Reserve Bank of India (RBI) is the largest monetary authority in the country. It is also called a bank of banks. RBI only issues notes ranging from 2 rupees to 2000 rupees, except one rupee note in India, because one rupee note is issued by the Ministry of Finance. Now, in such a big view, the supply of fake currency among the supply of money can also not be ruled out.

 

Some of the features of real currency are as follows, by which fake currency notes can be identified.

 

1. Security Thread

This security thread ranges from a 5 rupee note to a 2000 rupee currency note as well. On the note, it is on the left side of the picture of the Father of the Nation, Mahatma Gandhi. The thread is in a straight line. If someone brings the note in front of the light, then the value of the note, India and RBI starts to shine on this thread. Also, keep in mind that if the note is fake, then rubbing this thread starts to lose its colour.

 

2. Watermark

You must see the watermark on any note. A photo of Mahatma Gandhi is made in a place with a watermark of all real notes. When you make the note slightly slant, then you will see a photo of Mahatma Gandhi in the watermark.

 

3. Micro-Lettering

In the 2000 currency note, 2000 and RBI is written in very small letters in the inner part of the yellow line. The notes of 5 and 10 rupees only have 'RBI' written on this place, whereas currency notes with a value of more than 20 rupees have 'RBI' as well as the value of the note. You can see this handwriting well with the help of a magnifying glass.

 

4. Latent Image

The 2000 note has a latent image below on the left, in which the value of the note is written 2000. This can be seen only when tilting a note at a 45-degree angle in front of the eyes.

 

5. Identification Mark

It is made of a special kind of mark which is to the left of the watermark. It is shaped differently in all notes. This vertical rectangle is made for 20 rupees, square shape for 50 rupees, treble shape for 100 rupees, 5 horizontal lines for 500 rupees and 7 horizontal lines in 2000 note. Its special feature is that it is embossed upwards with the help of which blind people identify the notes whether the note is of 20 rupees or 100 rupees.

 

6. Intaglio Printing

This feature has been added to the currency note for the convenience of blind people. A special type of printing ink is used on the note. Due to this ink, Mahatma Gandhi's photo, RBI seal and Governor's oath, RBI Governor's sign are all embossed. The blind person discovers the value of the note only by palpating these raised digits. This printing style is used in Indian currency notes of 20 rupees, 50 rupees, 100 rupees, 500 rupees and 2000 rupee notes.

 

7. Color Changing Inks

This special type of ink has been used in 2000 and 500 rupee notes. The value of the note is written with the help of this ink. The speciality of this ink is that when the note is flat, these digits appear green and when the angle of the note is changed, its colour also changes.

 

8. See-through Register

Through this feature, whenever the note is brought in front of the light, the value of 500 or 2000 written on the note starts flashing. It appears on both sides of the note. On one side it is empty and on the other side, it appears full.

 

9. Fluorescence

On the currency note, there are special numbers at the bottom that tell the series of the note. They are printed with forensic ink. Whenever someone takes a note in ultraviolet light, these numbers begin to appear.


Also read: Identify a fake note of two thousand rupees in this way




Labels:

Comments

Post a Comment

Popular posts from this blog

Know All About Sovereign Gold Bond Scheme (SGB)

    The first time Sovereign Gold Bond Scheme was first introduced by the Government of India in the Union Budget of 2015-16. It was introduced by the Government of India to reduce the demand for the physical gold form and a part of this physical gold is bought every year in the form of gold bands for the purpose of invest in SGB.   Latest on Sovereign Gold Bond Scheme    A tenth tranche of the buy SGB Series – The Sovereign Gold Bond Scheme 2021-22 - Series X in which the Reserve Bank of India (RBI) sell gold bonds linked to the market price of gold on behalf of the government made available for investment will be open for buy SGB for the period from February 28th to March 4th.   What is Sovereign Gold Bond?   The Sovereign Gold Bond is an initiative taken by the Government of India to reduce the demand for physical gold as per the Reserve Bank of India as the increasing import of gold is affecting the growth and investment of India. Large quantities ...
Post a Comment
Read more

Know that senior citizens get many special concessions in income tax

  People above 60 years of age, i.e., senior citizens, not only get the benefit of income tax exemption but also receive special relief from income tax on investments and returns. Elderly citizens do not have to pay any income tax on income up to Rs 3 lakh.   Exemption in tax limit under 80C limit: The tax exemption limit for old citizens in a financial year is Rs 3 lakh, while a common man gets tax exemption only up to Rs 2.5 lakh. For very senior citizens who are above 80 years of age, it is Rs 5 lakh. That is, if the annual income of a senior citizen is up to Rs 3 lakh and TDS has not been deducted, then he need not file an income tax return. Similarly, very senior citizens need not file income tax returns if they do not have an annual income up to Rs 5 lakh.   If the age is more than 75 years then no return is required: Those above 75 years of age are not required to file tax returns. There is no any need to file ITR for people above 75 years of age who are ...
Post a Comment
Read more

SEBI introduces a new category of funds flexi-cap in mutual funds

  Securities and Exchange Board of India (SEBI) has introduced a new fund category, Flexi-cap, in mutual funds. According to the circular, mutual funds in this category need to invest at least 65 per cent of the portfolio in equities. However, there is no restriction in terms of allocation to market capitalization range and they can dynamically shift across large-cap, mid-cap and small-cap. So, effectively, the new category of the fund in a mutual fund is how SEBI used to define the multi-cap category until it changed the category's mandate.   On September 11, 2020, SEBI issued a circular informing about the change in the mandate of the multi-cap fund's category. According to the new guidelines of SEBI, multi-cap funds need to allocate 25 per cent of the portfolio to each-large-cap, mid-cap and small-cap stocks, increasing the minimum equity allocation to 75 per cent. AMC has been given time until January 2021 to make the required changes in the portfolios of their multi-c...
Post a Comment
Read more