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Govt plans to change security marks of banknotes every 3-4 yrs

Govt plans to change security marks of banknotes every 3-4 yrs

Sunday, April 2, 2017, 12:16 PM

To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards. The move comes in the wake of recovery of a large amount of fake Indian currency notes in last four months after demonetization. The issue was discussed threadbare at a high-level meeting.
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