I withdrew from one bank (a sealed bundle of 1000x100) only to deposit into another. There they detected a fake note... went back to Canara Bank within 15 minutes of withdrawal and they exchanged the note 'just like that'.... if it was not in a bundle, I am sure they would have reported me to the Police (which is the normal practice).
When asked what exactly was fake? They said 'watermark' Gandhi looked like a cartoon and the 'security thread' line was missing, plus paper was thicker.
It was really a embarrasing moment at both banks as many officers involved in double checking of the notes as well as the people who gathered there..
God knows how many more such notes are fed into the ATM machines.
It also appears that finding or detecting fake notes is an everyday phenomenon.
In Goa, some police too are allegedly involved in Fake currency notes circulation as there were some headlines in the local newspapers recently
Know your notes here..
At present (Jan. 2012) notes in India are issued in the denomination of Rs.1000, Rs.500, Rs.100, Rs.50, Rs.20, Rs.10 & Rs.5
The printing of notes in the denominations of Re.1 and Rs.2 has been discontinued as these denominations have been coinised. However, such notes issued earlier are still in circulation – see last pic Rs.2
use the links for larger view
Rs.1000
http://www.flickr.com/photos/joegoaukextra3/6674751727/sizes/l/
http://www.flickr.com/photos/joegoaukextra3/6674756259/sizes/l/
Rs.100
http://www.flickr.com/photos/joegoaukextra3/6674759455/sizes/l/
http://www.flickr.com/photos/joegoaukextra3/6674762711/sizes/l/
Rs. 20
http://www.flickr.com/photos/joegoaukextra3/6709025387/sizes/l/Rs.10
http://www.flickr.com/photos/joegoaukextra3/6674765469/sizes/l/
Rs. 5
http://www.flickr.com/photos/joegoaukextra3/6674767539/sizes/l/Know your 1000 rupees note - Security features - see below
http://www.flickr.com/photos/joegoaukextra3/6674770201/sizes/l/in/photostream/
Check this video
http://www.youtube.com/watch?v=ufiSl0wBKNI
From RBI Website
Are there any special features introduced in the notes of Mahatma Gandhi series?
The new Mahatma Gandhi series of notes contain several special features vis-à-vis the notes issued earlier. These are:
i) Security thread: Rs.10, Rs.20 and Rs.50 notes contain a readable but fully embedded security windowed security thread. Rs.100, Rs.500 and Rs.1000 notes contain a readable windowed security thread. This thread is partially exposed and partially embedded. When held against light, this thread can be seen as one continuous line. Other than on Rs.1000 notes, this thread contains the words 'Bharat' in the devnagri script and 'RBI' appearing alternately. The security thread of the Rs.1000 note contains the inscription 'Bharat' in the devnagri script, '1000' and 'RBI'. Notes issued earlier have a plain, non-readable fully embedded security thread.
ii) Latent Image: A vertical band behind on the right side of the Mahatma Gandhi’s portrait, which contains a latent image, showing the denominational value 20, 50, 100, 500 or 1000 as the case may be. The value can be seen only when the note is held on the palm and light allowed to fall on it at 45° ; otherwise this feature appears only as a vertical band.
iii) Microletterings: This feature appears between the vertical band and Mahatma Gandhi portrait. It contains the word ‘RBI’ in Rs.10. Notes of Rs.20 and above also contain the denominational value of the notes. This feature can be seen better under a magnifying glass.
iv) Identification mark: A special intaglio feature has been introduced on the left of the watermark window on all notes except Rs.10/- note. This feature is in different shapes for various denominations (Rs.20-Vertical Rectangle, Rs.50-Square, Rs.100-Triangle, Rs.500-Circle, Rs.1000-Diamond) and helps the visually impaired to identify the denomination.
v) Intaglio Printing: The portrait of Mahatma Gandhi, Reserve Bank seal, guarantee and promise clause, Ashoka Pillar Emblem on the left, RBI Governor's signature are printed in intaglio i.e. in raised prints in Rs.20, Rs.50, Rs.100, Rs.500 and Rs.1000 notes.
vi) Fluorescence: The 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.
vii) Optically Variable Ink: The numeral 500 & 1000 on the Rs.500 [revised colour scheme of mild yellow, mauve and brown] and Rs.1000 notes are printed in Optically Variable Ink viz., a colour-shifting ink. The colour of these numerals appear green when the notes are held flat but would change to blue when the notes are held at an angle.
Further reading (from the net, Bombay incidence )
Comment..
Yesterday (03/12/2011), I went to withdraw money from SOUTH INDIAN BANK's ATM, I found two fake notes of RS. 500. I asked the watchman to call the branch manager but since he didn't had the contact number of the manager, I dialed 100 and forced the cops to come and check..!! Sadly, even cops don't have the basic knowledge about real and fake notes..!! They took me to police station to take my statement..!! I had to spend 3 hrs in the station just because I didn't wanted others to withdraw fake notes from that ATM. The Sub Inspector was questioning me as if I did something wrong..!! He also said that I did the wrong thing by calling the emergency number..!! As per him, this wasn't a emergency..!! I was just shocked..!! They don't even know the seriousness of fake currency..!! My question to Mumbai Police commissioner is, "why don't you just re-train the cops..!! They also said that instead of contacting them, I should have contacted the bank..!! Even a illiterate can understand that the bank manager will try to close the matter there and there itself..!! Then how will you find out the criminals who plotted those fake notes in the ATM..??"
Cops took the ATM slip and the fake notes. When I asked the cops "by when I can expect the report of those notes..? He said "Can't say..!! It may take 4 months or even a year...!!" this statement is very carefree and shows their dedication towards resolving a major issue which has direct connection with our Indian economy..!!http://jaanlo.com/howto/how-to-identify-counterfeit-currency-notes
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