Moneycontrol
Aug 11, 2017 08:54 PM IST | Source: Moneycontrol.com

Banknotes printed with best quality, security practices, says RBI

The Reserve Bank of India on Friday clarified that its bank notes are printed with best global practices, high-security features and stringent quality control.

Banknotes printed with best quality, security practices, says RBI

Moneycontrol News

The Reserve Bank of India on Friday clarified that its bank notes are printed with best global practices, high-security features and stringent quality control.

"The currency printing presses are equipped with state of the art machinery, documented systems and technically qualified personnel through which quality control is ensured at each stage of banknote production," the central bank clarified in a statement on Friday.

"There are integrated systems in place for inspection of each single note at high speed. These systems validate the security features and print quality of the notes. The stringent quality control procedures also include various online and offline systems for inspection of final product quality. Labs with specialized paper and ink testing facilities, which verifies the specification parameters are available in the presses," it added.

This comes after the Opposition, consisting of Congress and Mamata Banerjee-led Trinamool Congress on Tuesday alleged that the government was printing two different kinds of the new Rs 500 notes issued after demonetisation.

RBI which is country's banking regulator is responsible for printing of currency notes while the government mints the coins.

The central bank said that it rarely receives complaints from the members of public on banknotes with features beyond the acceptable tolerance levels.

In the Rajya Sabha, Congress member Kapil Sibal said, "RBI prints two types of currency notes. These are of different size and different design... How is it possible?"

Sibal also displayed images of two Rs 500 denomination notes pasted on a placard.

"In line with the same, banknote quality is maintained well within the various tolerance parameters for dimension, placement of design, print features etc.," RBI stated, adding that a standard operating procedure is in place for dealing with such rare cases wherein each such note is examined and corrective steps taken, if necessary.

It further said that there are standard tolerance limits prescribed for certain features of the note, like security thread width, wandering of watermark and security thread, and cutting accuracy.
X
Sections
Follow us on
Available On