Security features on Indian currency were changed last in 2005

In a high-level meeting last week, it has been decided that the security features on the notes would be changed every three years.

The new Rs 500 and 2,000 notes have the same security features that were introduced in 2005. The new notes have already been counterfeited in Pakistan.

In fact, almost all the security features have been replicated by the Inter-Services Intelligence module, which deals in fake currency. The last time that the security features were changed was in 2005. But while introducing the new notes, the security features were not changed.

The decision on demonetisation was taken on November 8, 2016, and officials cite the lack of time to change the security features in the new notes.

With the fake currency racket thriving, it has been decided that the security features on the notes would be changed every three years. Post demonetisation, several cases of fake currency have been detected. Statistics show that Rs 66 lakh worth of fake currency has been seized since November.

The Home ministry had told the Lok Sabha that from November 9 to March 7 this year 3,346 pieces of fake Rs 2,000 notes were recovered. Last week, a high-level meeting was held, where it was decided that the security features must change frequently.

OneIndia News