write any three precautions taken by Reserve bank of India to prevent fake notes
Answers
1. Denominational numeral with the sign of rupees printed on the right side of the note.
2. The numeral changes its colour from green to blue. .
3.. The value is written in the raised print which helps the visibly impaired people also distinguish the real currency notes from the fake ones.
Answer:
To prevent fake notes
*RBI asked all the banks to put entire banking areas under the CCTV surveillance and keep all the recordings that can help indentify if something like this happens.
*In order to facilitate identification of people abetting circulation of counterfeit notes, banks are advised to cover the banking hall/area and counters under CCTV surveillance and recording and preserve the recording," it said in a statement.
Step-by-step explanation:
*The RBI has also asked the public to make it a habit of looking at the notes before accepting them in the usual course of daily transactions and help arrest the counterfeiting of Indian banknotes.
*Banks were also advised that with a view to facilitating the detection of counterfeit notes, all bank branches and identified back offices should be equipped with ultra-violet lamps and other appropriate banknote sorting and detection machines.
The instructions are applicable to all bank branches, irrespective of the volume of daily cash receipt.
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