What happens if we write on Indian currency?

Writing on banknotes is not a punishable offence. Banks cannot refuse to accept such notes.

What is written on Indian notes?

All notes have a silver security thread, with inscriptions ‘RBI’ in English and ‘Bharat’ in Hindi. These inscriptions are visible when held against the light.

Why do they use watermark in currency notes?

Watermarks are often used as security features of banknotes, passports, postage stamps, and other documents to prevent counterfeiting. A watermark is very useful in the examination of paper because it can be used for dating, identifying sizes, mill trademarks and locations, and the quality of a paper.

Is it a crime to write on money?

Yes, It’s Legal! Many people assume that it’s illegal to stamp or write on paper currency, but they’re wrong! You CANNOT burn, shred, or destroy currency, rendering it unfit for circulation. You CANNOT advertise a business on paper currency.

Why we should not write on currency notes?

Extremely brittle, burnt, charred, stuck up Notes Notes which have turned extremely brittle or badly burnt, charred or inseparably stuck up together and, therefore, cannot withstand normal handling, shall not be accepted by the branches for exchange.

Which ink is used in Indian currency?

Number panels of the notes are printed in fluorescent ink. The notes also have optical fibres. Both can be seen when the notes are exposed to ultra-violet lamp.

Is Destroying money illegal in India?

yes, it is totally illegal to destroy currency either in notes coins. basically notes/coins are promissory notes issued by central bank (RBI ) behalf of a sovereign govt (GOI ) it is illegal to destroy notes coins.

What is the history of Indian currency notes?

The Paper Currency Act of 1861 gave the Government the monopoly of note issued throughout the vast expanse of British India. Below are the interesting facts about how Indian currency notes have evolved over the ages into the rupee of today.

Why is there a capital letter in banknotes in India?

The volume of banknotes printed in India are huge which necessitated the use of inset which in the case of Indian Banknotes are Alphabets. This inset is a capital letter and appears on the number panel. There are four different currency press that print notes for the Reserve Bank of India .

What was the first currency in India in 1935?

Finally, the Reserve Bank of India was set up in 1935 and empowered to issue Government of India notes. It had also printed 10,000 rupee notes and was later demonetised after Independence. And the first paper currency issued by RBI was a 5 rupee note bearing King George VI’s portrait, in January 1938.

What is the origin of the Indian rupee coin?

After gaining Independence in 1947 and in 1950s when India become Republic, India’s modern Rupee reverted back to the design of signature Rupee coin. The symbol chosen for the paper currency was the Lion capital at Sarnath which replaced the George VI series of bank notes.