Bank Notes in India
Contemporary Currency notes have 15 languages on the panel which appear on the reverse of the note.
- Soiled Notes: Soiled notes are those which have become dirty and slightly cut. Notes which have numbers on two ends, i.e. notes in the denomination of Rs.10 and above which are in two pieces, are also treated as soiled note. The cut in such notes, should, however, not have passed through the number panels.
- Mutilated Notes: Notes which are in pieces and/or of which the essential portions are missing can also be exchanged. Essential portions in a currency note are name of issuing authority, guarantee, promise clause, signature, Ashoka Pillar emblem/portrait of Mahatma Gandhi, water mark.
- Imperfect banknotes: Imperfect banknote means any banknote, which is wholly or partially, obliterated, shrunk, washed, altered or indecipherable but does not include a mutilated banknote.
Security Features of Indian Banknotes
- Security Thread
- Latent Image
- Identification Mark
- Optically Variable Ink
- See through Register
- Legal provisions against counterfeiting