Fake notes. We encounter them every day: be it with local grocer, tea shops, supermarkets, even bank tellers and ATM machines. Finance Intelligence Unit reports a 250% rise in the fake-currency circulation (click article-1) and the Excise department turns to public for support. This is a welcome move from the Indian government. The article quotes that private banks seizes the most fake notes. I presume the private banks are diligent in seizing fake notes compared to the PSU banks which either does not report its seize or does not seize at all. Practically fear grips us in reporting it to the nearest police station or bank.
We tend to check and recheck the higher denomination notes and leave the lower denomination notes unnoticed. Fakes of Rs 5, 10 and 50 and lots of punched metal are circulated engraved with one and two rupee coin designs. These lower denomination notes even fake the watermarks, the silver thread and many other safety aspects incorporated in the currency notes. Even ATM machines and experienced tellers dispense them everyday. Its no good complaining: Click article-2
I blame ourselves: our selfish society rather than the government or the officials, for the latter are we and we are the latter. Faking ourselves, faking notes!
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