Back to Career News

Here’s How Banks Identify Fake Notes Around the World

July 21, 2018

Here’s How Banks Identify Fake Notes Around the World
The central banks across the world use various types of security features to identify the fake currency notes. For instance, RBI introduced a motif of Mangalyaan and the micro letter “RBI” in the new Rs. 500 and Rs, 2,000 currency notes.

Watermarks and monograms are two of the most widely used security features for banknotes in the world. In India, the former is used in the form of Mahatma Gandhi portrait, and the latter is used in more than 300 denominations in 97 currencies. Many notes also use microtext which is a font so small that it can’t be read with naked eyes.

Photo credit: Dr PS Sahana * Kadamtala Howrah on Visualhunt.com / CC BY

Recommended for you ...

Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth
Indian Tech Startups Raise $1.6 Billion in Q1 2024, Retail and Fintech Lead Growth

March 28, 2024

Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance
Fintech Experts Advocate for Cohesive Regulatory Framework Amid Rapid Digitalisation of Finance

March 27, 2024

Indian Payment Aggregators Rush to Obtain International Payment Licences
Indian Payment Aggregators Rush to Obtain International Payment Licences

March 27, 2024

Chat on WhatsApp