Have you ever ever seen a star image (*) throughout the serial variety of an Indian banknote? In case you take a better take a look at the foreign money in your pockets, you would possibly spot this curious marking on just a few notes. However what does it really imply? Does it recommend the notice is counterfeit, or maybe that it holds larger worth?
Every Indian banknote carries a novel serial quantity, giving it a definite identification. The Reserve Financial institution of India (RBI), which is answerable for issuing the nation’s foreign money, incorporates varied options to assist the general public distinguish between real and counterfeit notes. Regardless of these safety measures, counterfeit foreign money continues to flow into extensively, prompting common advisories from the RBI.
Nevertheless, the presence of a star within the serial quantity doesn’t indicate that the notice is pretend. In accordance with the RBI, a star mark is used to indicate a substitute notice. When an error is discovered amongst a batch of 100 consecutively printed notes, the faulty one is eliminated, and a substitute notice bearing a star in the midst of its serial quantity is printed as an alternative.
These ‘star notes’ are solely authorized tender and can be utilized similar to some other foreign money.
Usually, solely 100 out of each 1,000 notes could characteristic this image. They comprise no particular serial numbers, other than the star, and have been in circulation since 2006 when the RBI formally launched them as a way of changing misprinted notes.
