Categories: Uncategorized

Old habits die hard, people still inscribing on bank notes

Some members of public as well some organizations write the numbers, name or messages on the watermark window of currency notes.RBI has been educating the general public and bank officials about the importance of security features of bank notes which distinguishes it from fake notes. Despite, RBI requesting the public, not to deface the window of the notes, inscribing on the face of the note is continuing. Therefore, RBI in its circular dated 16.07.2015 once again requested the public to desist from this habit,,as defacement will not allow the common man to identify one of the important features of genuine note.

Surendra Naik

Share
Published by
Surendra Naik

Recent Posts

Factors Influencing Decision on Capital Structuring

A company's capital structure is influenced by various factors, including its size, profitability, growth prospects,…

1 hour ago

Understanding Leverage and Gearing

Leverage and gearing are financial terms that refer to the use of debt by a…

1 day ago

Meaning of Capital Structuring of a Company

Capital structure is the combination of debt and equity used by a company to finance…

1 day ago

Overview: Global and Indian Forex Market

The foreign exchange market, or Forex Market (FX market), is a global decentralized over-the-counter (OTC)…

2 days ago

Calculation of forward exchange rates explained with the illustrations

A currency forward contract is a customized, written contract between two parties that sets a…

2 days ago

Basic Exchange Rate Arithmetic Explained with Illustrations

IntroductionBasic exchange rate arithmetic involves converting one currency to another using the exchange rate. The…

3 days ago