Fake Indian currency notes rose by 31% in 2020-21: RBI report; How to detect fake notes

annual report by  Reserve Bank of India (RBI), on Saturday, showed that re was an increase of 31.3 per cent in counterfeit tes detected in demination of new Rs 500 tes as compared to  previous year. RBI's report furr stated that 'during 2020-21, out of total Fake Indian Currency tes (FICNs) detected in banking sector, 3.9 per cent were detected at Reserve Bank and 96.1 per cent by or banks'. Government h introduced new Mahatma Gandhi series tes of Rs 500 demonisation to replace old ones in vember 2016. 

total expenditure on security printing from July 1, 2020, to March 31, 2021, was lesser than previous year (July 2019 to June 2020). 

" total expenditure in curred on security printing during July 1, 2020 to March 31, 2021 was `4,012.1 crore as against `4,377.8 crore in previous year (July 2019 to June 2020)," mentioned RBI report.

central bank, however, mentioned that counterfeit banktes of Rs 500 demination were found to be gaining currency. 

Here's how to detect fake 500 rupee tes:

 new 500 Rs te is different in colour, size, me, location of security features and design elements from previous item.  size of new te is 63mm x 150mm. colour of te is stone grey and main new me is Indian herit site – Red Fort. re are several ways with which it can be determined wher a te is real or t:

• numeral '500' at bottom left-hand of obverse side of te is transparent.

• underlying im of numeral '500' with demination is visible.

• Demination numeral '500' is written vertically in Devanagri.

• location and relative position of Mahatma Gandhi on te is changed. It is placed in middle of bankte.

• On right side of Mahatma Gandhi's portrait, guarantee clause, Goverr's signature with Promise Clause and RBI symbol is present.

• Portrait of Mahatma Gandhi emerges in watermark section. 

• On top left side and bottom right side of te number panel with numerals appear growing from small to big (in ascending font).

• On bottom right side, demination in numerals with Rupee Symbol '₹500' appear in colour changing ink (green to blue).