The Reserve Bank of India has launched a website called Paisa Bolta Hai (money speaks) for the perpose to spot fake Indian currency. It contains printable pictures of each note denomination and detailed descriptions of its security features.
Management of currency is one of the core central banking functions of the Reserve Bank. In terms of Section 22 of the Reserve Bank of India Act, the Reserve Bank is the sole authority for issue of currency in India. Though the Government of India issues coins, they are put into circulation only through the Reserve Bank of India. This function is carried out by the Department of Currency Management..
Along with the Government of India, the Reserve Bank is responsible for the design and review of banknotes. The Reserve Bank has the objective of ensuring an adequate supply of clean and genuine notes as required by the public.
For other functions of the Reserve Bank, please visit About Us section on www.rbi.org.in
Management of currency is one of the core central banking functions of the Reserve Bank. In terms of Section 22 of the Reserve Bank of India Act, the Reserve Bank is the sole authority for issue of currency in India. Though the Government of India issues coins, they are put into circulation only through the Reserve Bank of India. This function is carried out by the Department of Currency Management..
Along with the Government of India, the Reserve Bank is responsible for the design and review of banknotes. The Reserve Bank has the objective of ensuring an adequate supply of clean and genuine notes as required by the public.
For other functions of the Reserve Bank, please visit About Us section on www.rbi.org.in
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