TaxTMI 
TaxTMI 
Security features of currency notes
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....ecurity features of currency notes <br>News and Press Release<br>Dated:- 6-8-2016<br><BR>A study on Fake Indian Currency Notes (FICN) issues, including estimation of FICN in circulation, has been undertaken by Statistical Institute (ISI), Kolkata under the overall supervision of National Investigation Agency (NIA). As per the study, the face value of FICN in circulation was found to be about ͅ....
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....7; 400 crores. It was found the value remained constant for the last 4 years. As per the data from National Crime Records Bureau, number of seized and recovered FICN is as follow Number of Notes seized and recovered Financial Year ₹ 1000 ₹ 500 ₹ 100 ₹ 50 Others 2013 194767 429757 185865 13043 23535 2014 175488 334681 188973 8067 3340 2015 178022 2995....
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....24 217189 7702 3134 The Committee headed by Shri Shilabhadra Banerjee has submitted its report. The design and security features of banknotes are decided by the Government of India from time to time, in consultation with Reserve bank of India (RBI). A post of Director General in the rank of Additional Secretary in the Directorate of Currency has been created. To check the menace of counterf....
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....eiting of banknotes, The Ministry of Finance, Ministry of Home Affairs, Reserve Bank of India, Security and Intelligence Agencies of the Centre and States are working in tandem to thwart the illegal activities related to Fake Indian Currency Note (FICN). An FICN Coordination Group (FCORD) has been formed in the Ministry of Home Affairs to share the intelligence/information amongst different securi....
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....ty agencies of States/Centre to counter the menace of agencies to effect more seizures. The issue has also been raised in international multilateral fora constantly. RBI has also initiated several measures for generating public awareness, conducting training programs for employees/officers of banks and streamlining the process of reporting and detection of counterfeit notes. Further, in order to s....
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....tay ahead of the counterfeiters, Government has recently introduced revised numbering pattern in all denominations of banknotes. RBI has issued Press Release in this regard on June 25, 2015. This information was given by Minister of State for Finance Shri. Arjun Ram Meghwal in written reply to a Lok Sabha question.<BR> News - Press release - PIB....