The Reserve Bank of India has admitted that security features introduced in the higher denomination notes in 2005 as an anti-counterfeiting measure have been breached!
In an urgent alert to all private, foreign and public sector banks, RBI has made use of Note Sorting Machines compulsory while handling cash in their branches.
The step emanates from seizure of 345 counterfeit notes of Rs 1,000 denomination in series 2AQ and 8AC bearing the signature of former RBI Governor Dr Y V Reddy by the Anti-terrorist Squad of Mumbai.
Read on further to find out what happens if you pass on a fake note as real, how to spot a fake note and what to do if you get a counterfeit currency note. . .
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