Corruption is an issue that our nation is battling for decades; it has caused the nation’s economy to be hit thereby leading to high cost of living and many other issues. So on 8th November2016, Prime Minister Narendra Modi took a firm action against corruption and informed the nation about it in his 40 minute address. He said that all over the nation flow of notes of the denomination 500 and 1000 will be banned thereby leading to end of unauthorized cash flow, black money etc., this new step took the country by storm.
People were quite baffled by the sudden announcement as 500 and 1000 rupee notes are most used. PM Modi announced that these notes will replaced by new 500 and 2000 rupee notes that can be exchanged with the previous 500 and 1000 rupee notes causing the nation’s citizens to move to their nearest bank in order to attain them.
The new 500 and 2000 rupee notes enter the circulation on 10th November, 2016 and these notes are to be the highest denomination currency after 5,000 and 10,000 rupee notes that were published by the RBI in January 1978. These new 500 and 2000 rupee notes are being published at Mysuru, Karnataka. To familiarise you with these new series of notes I will give you a few points:
- The new 500 note varies from the previous note in size, colour, design element and location of security features like M.K Gandhi’s image location etc. This note is of size 63mm x 150mm and is of stone grey colour with Red fort as its main feature.
- The newly introduced 2000 rupee note is quite large with the size 66mm x 166mm and is in bright pink almost magenta colour with motif of Mangalyaan as a key feature
- Gandhiji’s image has shifted to almost the centre of the notes and a portrait of him and electrotype watermark have been done on the empty space on the right of his visible portrait. This will help in identifying the original notes from forged ones as well as deter any intentions of forgery.
- On the reverse side of the notes features like year of printing the note, language panel in the centre, Swachh Bharat logo and the assigned motifs are added. This helps in keeping an eye on the cash flow and also gives the notes quite a distinct look.
- Special features like raised printing of M.K. Gandhi’s portrait, Ashok Pillar emblem, bleed line on the left and right side and a raised horizontal rectangle with the denomination of the note is added. These special features will help the visually impaired identify and differentiate these notes from others.
- The number panel is printed on two locations (top left and right bottom) and in both it is found to be in ascending order (left to right).
- The window security thread changes colours in both the notes. In both the 500 and 2000 rupee notes the colour changes from green to blue when tilted.
- RBI emblem, Guarantee clause and Promise clause with Governor’s clause have also been added to the note.
So before you receive a 500 or 2000 rupee note make sure to check for all these features thereby saving you from getting conned with a forged note.