The Government of India has made a brave step towards the eradication of fake currency that is in circulation in the Indian economy. In this process the normal public may face a few hardships in daily activities, but as responsible citizens of India we have to take the responsibility and get ready to bear some hardships. This is the time to show up our sincerity towards the nation and just go and deposit whatever money you have and limit the expenses to emergencies for a few days and co-operate with the government and take our part in taking the Indian economy towards development.
Everyone might have already been well aware about the news on the ban of 500 and 1000 rupees notes as announced by the honorable Prime Minister Shri Narendra Modi last night. While there are many speculations going on online about the RFID technology that is being used in the new 2000 rupee denomination currency notes, let us just go through the features of the new denomination notes to get a clear idea and clear any chaos.
The new 2000 rupee denomination issued by the Reserve Bank of India comes with lots of new features, but the RFID technology isn’t probably one of them.
RFID is called the Radio Frequency Identification Technology. This tagging lets the government know the location of the currency notes. Using the signals of the radio satellites which are diverted to track the location of the notes government can trace their location. These tagged notes will not require any power source to get detected.
The major problems with these Radio Frequency tagged notes is that they are expensive to carry out and these tags cost between 20 cents and 1$ which adds up to their making cost.
As the features of the new 2000 rupee currency notes are concerned, RBI’s official website has mentioned nothing about it. Here many may go with the conspiracy and may believe that government spies on every 2000 denomination note or may just ignore about that thing completely and go on with life welcoming the new change
Rs.2000 note features:
On The Front:
- Denominational numeral will be seen in Devanagiri lipi – २००० along with the rupee symbol ₹
- Mahatma Gandhi portrait will be seen at the center
- 2000 denomination numeral gets see through register
- Latent image with denomination 2000
- On the left side of the bank note micro letters of ‘RBI’ and ‘2000’
- Colour of thread changes from green to blue on windowed security with inscriptions of ‘भारत’, ‘RBI’ and ‘2000’ on banknotes
- Governor’s signature with promise clause, guarantee clause and RBI emblem towards right
- Denominational numeral with rupee symbol can be seen – ₹2000
- Ashoka pillar emblem on the right, Mahatma Gandhi portrait and electrotype watermarks
- Number panel with numerals growing from small to large on the top left and bottom right sides
For visually Impaired:
Mahatma Gandhi portrait, Ashoka Pillar emblem, bleed lines and identity mark in raised print
- Horizontal rectangle with ₹2000 with raised print on right side
- Seven angular bleeds can be seen on the left and right sides in raised print
On the back side:
- Printed year on the left side of the note
- Logo of Swatch Bharath with slogan
- Towards the center language panel can be seen
- Mangalayan Motif can be seen
- Numeral denomination in Devanagari lipi- २०००
Rs.500 note features:
On The Front side:
- See through register in 500 denomination numeral
- Denomination numeral’s latent image
- Denomination numeral in Devanagari lipi can be found
- Mahatma Gandhi’s portrait orientation and relative position is changed
- Windowed security thread changes colour from green to blue when you tilt the note
- Guarantee clause, Governor’s signature with premium clause and RBI emblem tilted towards right
- Electrotype and Portrait watermarks
- Number panel with numerals growing from small to large on top left and bottom right sides
- On the bottom right denomination numerals with rupee symbol in colour changing ink from green to right
- Ashoka pillar emblem can be seen on the right side
For Visually Impaired:
Mahatma Gandhi portrait, Ashoka Pillar emblem and identification mark in raised print
- 500 in raised print on the right with circle
- On the left and right five bleed lines in raised print
On The back side:
- Printed year on the left side
- Logo of Swatch Bharat with slogan
- Language panel towards center
- Red fort image with Indian flag
- Numeral of denomination in Devanagari on the right
These are the varied features of the new denominations notes released by the Reserve Bank of India.