Page 79 - Veritas - 02.03.22

COMPARISON STUDY

OF SECURITY

FEATURES ON OLD

AND NEW 500

RUPEE

DENOMINATION

CURRENCY

NOTE

Ms. Harshitha M V

INTRODUCTION

Currency notes reflect the nation’s rich and diverse culture. The

Reserve Bank gets its role from the Reserve Bank of India Act, 1934. The

Government, on the advice of the Reserve Bank, decides the various

denominations of banknotes that should be used. The Reserve Bank

also coordinates with the Government in designing banknotes and their

security features. The security features include - watermark, security

thread, latent image of denomination numeral, numeral in colour

shifting ink, number panels, see-through register, electro-type, bleed

lines, etc. These features continue to remain but their relative positions

may have been changed in the new design notes.

Before going further, we should now understand the term

demonetization :

Demonetization is the process of removing a currency of its status as

legal tender. It occurs whenever there a is change in national

currency. The current form of money is taken off circulation and is