RBI made a big announcement regarding 500 rupee note, many important things came to light

Latest update RBI News: Also issues instructions to identify fake notes. RBI last took the 2000 rupee note out of circulation on 19 March 2023. The 500 note is now the country's major currency. Recently, a big update has come in the 500 rupee note. 

The circulation of fake Rs 500 notes has increased, causing harm to people. Citizens are worried about how to identify fake notes. According to a report, the Finance Ministry has recorded a 317 percent increase in fake Rs 500 notes in the last five years. 

Statistics of counterfeit notes have been published— 

Data presented in Parliament showed that the number of counterfeit Rs 500 notes detected rose from 21,865 million to 91,110 million between 2018-19 and 2022-23.

There has been a 15% decrease in the financial year 2022–2023, which has come down to 85,711 million. The highest increase in the turnover of counterfeit notes was seen in the year 2020–2021, when counterfeit notes of Rs 500 increased from 39,453 million to 79,669 million in the financial year 2020–2021. 

Fake currency of Rs 500

In 2016, the central government had decided to demonetize two important notes. The 500 and 1000 rupee notes were then discontinued. 

2,000 rupee notes were then issued in the country. The 2000 rupee notes also did not last long in the market. The pink note of 2000 rupees was discontinued in 2023.

RBI Update (RBI) is still taking 2000 rupees notes from people. 

Currency notes of 2,000 rupees have also fallen. 500 rupees note (500 note update) is currently present as a big note in the country. Meanwhile, fake notes are spreading rapidly in the markets. Fake notes, especially in the last few years, have come to the fore rapidly. 

How to identify fake notes- 

Fake notes are designed in such a way that it is difficult to identify them easily. But the Reserve Bank of India (RBI) has given some specific instructions to identify real 500 rupee notes. By following these instructions, you will be able to catch fake notes in a pinch. Know— 

• Size: The original note is 66 mm x 150 mm in size.
• Denomination: 500 is printed in Devanagari script.
• Image: Mahatma Gandhi's portrait is in the centre.
• Small letter- The words Bharat and India are written in small letters.
• Security cover- Colour changing security thread changes colour from green to blue when tilted.
• Watermark- Gandhi's portrait and electrotype 500 watermark are visible when held up to light.
• Colour changing ink Rs 500 mark changes colour from green to blue when tilted to the bottom right of the note.
• Mourning pillar: Mourning pillar symbol is on the right.
• Swachh Bharat logo: Swachh Bharat logo and slogan are printed on the note. It
• is important to be cautious and look at the notes carefully.