The serial number in a note helps the Reserve Bank of India (RBI) identify the exact number of notes available in the market currently. It also works as a currency tracker for the RBI. Issuing banknotes with specific numbers may not be possible. Indian currency notes numberd: For notes of 5, 10 & 20, the first 3 characters are the prefix and the next 6 are the serial numbers. The first 2 characters of the prefix are a numeral and the 3rd is the alphabet.
Zee Media Bureau New Delhi: For common understanding if one asks what is a currency note, the answer would be simple – it is an exchange value which people use for transactions. There are several ways to check the authenticity of a currency note. But have you wondered what does the serial number in currency notes denote? Let's understand the meaning behind the currency serial numbers.
All the currency notes come with a specific alpha-numerical series. The colour of this serial number is usually red. The presence or absence of a serial number or other specific feature is not a determining factor when assessing damaged banknotes for value. It comprises of three things: Prefix, Inset and Serial Number Syntax. The first three letters are prefix, the remaining are serial number while if you look carefully there is something like a watermark within the serial number panel —that is Inset. The serial number in a note helps the Reserve Bank of India (RBI) identify the exact number of notes available in the market currently.
It also works as a currency tracker for the RBI. Issuing banknotes with specific numbers may not be possible.
Fresh banknotes issued by Reserve Bank of India till August 2006 were serially numbered. Each of these banknote bears a distinctive serial number along with a prefix consisting of numerals and letter/s. The banknotes are issued in packets containing 100 pieces. The Bank has also adopted the 'STAR series' numbering system for replacement of defectively printed banknotes. The Star series banknotes are exactly similar to the existing Mahatma Gandhi Series banknotes, but have an additional character viz., a.(star) in the number panel in the space between the prefix and the number. Zeenews.india.com understands that your privacy is important to you and we are committed for being transparent about the technologies we use. This cookie policy explains how and why cookies and other similar technologies may be stored on and accessed from your device when you use or visit zeenews.india.com websites that posts a link to this Policy (collectively, “the sites”).
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Police busted a fake Indian currency racket near here on Saturday with the arrest of six accused and seized counterfeit notes of Rs 2,000 amounting to over Rs 2 lakh. The police seized 105 counterfeit notes of highest denomination of Rs 2,000, which was released this month following the demonetisation of Rs 1,000 and Rs 500 notes. Of the Rs 2,22,310 fake currency seized from the gang, Rs 2000 notes were worth Rs 2,10,000. The remaining fake currency was in small denominations of Rs 100, Rs 50, Rs 20 and Rs 10. The police also seized two colour Xerox machines amd Rs 50,000 in cash among other incriminating material. The arrests were made under Ibrahimpatnam police station limits, some 35 km from Hyderabad, in Rachakonda police commissionerate. Rachakonda Commissioner of Police Mahesh Bhagwat told reporters that the gang started making fake currency notes of lesser denominations and after successfully circulating them in the market, starting making Xerox copies of Rs 2,000 notes.
The police chief said the accused were waiting for an opportunity to circulate fake Rs 2,000 notes. Jamalapur Sainath, 28, a butcher by profession, is kingpin in the case and conspired with G. Satyanarayana, K. Sridhar Goud and A. Vijay Kumar to make the fake currency notes. On credible information, police raided the house of S.
Ramesh - one of the accused - at Ibrahimpatnam, arrested the six and seized the fake currency. Two other accused - Kalyan and Srikanth - were absconding. Bhagwat said people can easily detect the fake Rs 2,000 note by following some simple steps like checking crackling sound of paper, blind person mark, fluorescent threads and number panel which glow in ultraviolet light and latent view of denomination written with semi-dried oils.
First Published: Nov 26, 2016 15:46 IST.
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