Sunday, 27 November 2016

Urjit BLUNDERS Old Notes Usable, No Bar Code, Printing Errors
November27, 2016 (C) Ravinder Singh progressindia2015@gmail.com

1.  Old Currency Returned Not Marked - It is World’s Most Laughable Blunder – Old Currency Deposited by Account Holders or Exchanged Was Not Marked and DATE Stamped to Prevent its RE-USE. [Old Notes Can Be Returned by December30 or Even March2017]

Banks could have adopted any method to Make Notes Unusable - 

Ø    Cut the Edge of the Notes to make them Unusable.

Ø    Punch A Hole in the Middle, Common Practice earlier, 

Ø    Staple in the Middle of Notes, Common Practice earlier but on sides,

Ø    Dip Edge of Notes in BLACK INK – is Easiest. 

2. No BAR CODE – it was difficult to plant Chips in to notes but Bar Codes are used in Retail Extensively. 

Ø   Trade Fair tickets have bar codes. 

3. Rs.500 Notes Have 6 or More Printing Errors – This is Scandalous at Security Presses. 

Ø  Some TELGI was operating Currency Printing Machines. 

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