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FICN & IT’S IMPACT ON INDIAN ECONOMY
PRESENTED BY:-
Tanmoy Roy
1Financial Management
INTRODUCTION
 Fake Indian currency note (FICN) is a term to refer fake
currency notes circulated in the Indian economy.
 According to Indian law, possessing fake notes is a
punishable offence, but only if the person in question is
aware that the notes are fake.
 Today’s fake notes are so perfect that it is hard to
identify them from the real notes.
2Financial Management
SECURITY FEATURES ON INDIAN CURRENCY
1. See through Register.
2. Watermark.
3. Optically Variable Ink.
4. Fluorescence.
5. Security thread.
6. Intaglio Printing.
7. Latent Image.
8. Micro lettering.
9. Identification mark.
10. Year of printing.
3Financial Management
IMPACT OF FICN ON INDIAN ECONOMY
1. Anti-national activities.
2. Currency inflation.
3. Non-reimbursement by Banks.
4. Dumping of cheaper products.
5. Black marketing.
4Financial Management
CURRENT SCENARIO OF FICN
 According to Indian Govt, 90% features of today’s fake
currency notes match with the original.
 The business of fake currencies are increase smuggling.
 Govt report says 4 in every 1,000 notes are fake.
 The fake currency trade has been haunting Indian
economic intelligence agencies for quite a long time.
5Financial Management
HOW RBI CONTROL FICN PROBLEM
 RBI has launched a website “www.paisaboltahai.rbi.org”
to raise awareness among masses about fake notes in the
market.
 RBI puts 2005 as expiry date on currency notes to curb
fake money.
 The central bank has to perform a wide range of
promotional functions to control FICN.
6Financial Management
WEBLIOGRAPHY
 http://www.businessinsider.in/9-ways-to-identify-a-fake-
currency-note/articleshow/47881194.cms
 http://dwarkaparichay.blogspot.in/2012/07/detect-
forged-note-counterfeit-note-or.html
 http://www.livemint.com/HomePage/9NSxNFvWkjsNY
OfmkHeCWM/Govt-report-says-4-in-every-1000-notes-
are-fake.html
 http://www.livemint.com/HomePage/9NSxNFvWkjsNY
OfmkHeCWM/Govt-report-says-4-in-every-1000-notes-
are-fake.html
7Financial Management
THANK YOU
8Financial Management

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FICN & it’s Impact on Indian Economy

  • 1. FICN & IT’S IMPACT ON INDIAN ECONOMY PRESENTED BY:- Tanmoy Roy 1Financial Management
  • 2. INTRODUCTION  Fake Indian currency note (FICN) is a term to refer fake currency notes circulated in the Indian economy.  According to Indian law, possessing fake notes is a punishable offence, but only if the person in question is aware that the notes are fake.  Today’s fake notes are so perfect that it is hard to identify them from the real notes. 2Financial Management
  • 3. SECURITY FEATURES ON INDIAN CURRENCY 1. See through Register. 2. Watermark. 3. Optically Variable Ink. 4. Fluorescence. 5. Security thread. 6. Intaglio Printing. 7. Latent Image. 8. Micro lettering. 9. Identification mark. 10. Year of printing. 3Financial Management
  • 4. IMPACT OF FICN ON INDIAN ECONOMY 1. Anti-national activities. 2. Currency inflation. 3. Non-reimbursement by Banks. 4. Dumping of cheaper products. 5. Black marketing. 4Financial Management
  • 5. CURRENT SCENARIO OF FICN  According to Indian Govt, 90% features of today’s fake currency notes match with the original.  The business of fake currencies are increase smuggling.  Govt report says 4 in every 1,000 notes are fake.  The fake currency trade has been haunting Indian economic intelligence agencies for quite a long time. 5Financial Management
  • 6. HOW RBI CONTROL FICN PROBLEM  RBI has launched a website “www.paisaboltahai.rbi.org” to raise awareness among masses about fake notes in the market.  RBI puts 2005 as expiry date on currency notes to curb fake money.  The central bank has to perform a wide range of promotional functions to control FICN. 6Financial Management
  • 7. WEBLIOGRAPHY  http://www.businessinsider.in/9-ways-to-identify-a-fake- currency-note/articleshow/47881194.cms  http://dwarkaparichay.blogspot.in/2012/07/detect- forged-note-counterfeit-note-or.html  http://www.livemint.com/HomePage/9NSxNFvWkjsNY OfmkHeCWM/Govt-report-says-4-in-every-1000-notes- are-fake.html  http://www.livemint.com/HomePage/9NSxNFvWkjsNY OfmkHeCWM/Govt-report-says-4-in-every-1000-notes- are-fake.html 7Financial Management