Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Wednesday, 30 November 2016

Features of New Rs. 500 Currency Note

RBI has started new currency of Rs. 500 on the same design pattern as of Rs. 2000 note. Apart from the note color and size, almost all the security features are same as Rs. 2000 note. The size of the note is 63mm (height) x 150mm (width). We should know its security features to identify whether it's original or fake note.
Knowingnuts-Rs. 500-currency-note-features

Front Side View

  1. Five angular embossed lines at left and right edge of the note
  2. See-through register with numeral 500 is visible when held against light
  3. Numeral 500 can be seen when note is tilted at 45 degree
  4. Numeral 500 is written in Devanagari (Hindi) and English
  5. Portrait of Mahatma Gandhi in the center
  6. Security thread showing "Bharat" (in Hindi), "RBI" and "500". Color changes from green to blue when note is tilted
  7. Guarantee Clause, Governor Urjit Patel's signature and RBI emblem
  8. Water marked portrait of Mahatma Gandhi and numeral 500 can be seen against light
  9. Numeral 500 in color changing ink (green to blue)
  10. Currency number growing from small to big at top left and bottom right of the note
  11. Circle with 500 printed in raised ink
  12. Ashoka Pillar emblem
Note: Feature number 1 and 11 are printed in raised ink to help visually impaired people. They can easily identify the note. 
Knowingnuts-Rs. 500-currency-note-features

Back Side View

  1. Year of note printing
  2. Swatchh Bharat Abhiyan logo and slogan
  3. Language panel with two thousand written in 15 Indian languages
  4. Delhi Red Fort image
  5. Numeral 500 written in Devanagari (Hindi)
  6. See-through register with numeral 500 is visible when held against light

Sunday, 27 November 2016

Features of New Rs. 2000 Currency Note

RBI has started new currency Rs. 2000 note after demonetization of Rs. 500 and Rs. 1000 notes on 8th November 2016. Many of us must have seen magenta colored new Rs. 2000 note. Its size, color and printing make it totally different from other traditional Indian currency notes. We should know its security features to identify whether it's original or fake note. The size of the note is 66mm (height) x 166mm (width).
Knowingnuts-Rs. 2000-currency-note-features

Front Side View

  1. Seven angular embossed lines at left and right edge of the note
  2. See-through register with numeral 2000 is visible when held against light
  3. Numeral 2000 can be seen when note is tilted at 45 degree
  4. Numeral 2000 is written in Devanagari (Hindi) and English
  5. Portrait of Mahatma Gandhi in the center
  6. "RBI" and "2000" in Micro letters 
  7. Security thread showing "Bharat" (in Hindi), "RBI" and "2000". Color changes from green to blue when note is tilted
  8. Guarantee Clause, Governor Urjit Patel's signature and RBI emblem
  9. Water marked portrait of Mahatma Gandhi and numeral 2000 can be seen against light
  10. Numeral 2000 in color changing ink (green to blue)
  11. Currency number growing from small to big at top left and bottom right of the note
  12. Rectangle with 2000 printed in raised ink
  13. Ashoka Pillar emblem
Note: Feature number 1 and 12 are printed in raised ink to help visually impaired people. They can easily identify the note. 
Knowingnuts-Rs. 2000-currency-note-features

Back Side View

  1. Year of note printing
  2. Swatchh Bharat Abhiyan logo and slogan
  3. Language panel with two thousand written in 15 Indian languages
  4. Mangalyaan - Mars Orbiter Mission image
  5. See-through register with numeral 2000 is visible when held against light

Wednesday, 10 August 2016

How to Improve Your credit Score

Credit Score is like your credit reputation that helps financial institutions and banks to analyze your credibility and decide whether they should lend you money or not, if lending then how much money they should lend you. Even a single bad step will decrease your credit score significantly and you will face problem in future in getting any loan, credit cards or any financial help from banks and financial institutions.

Here are some tips to improve your credit score:

Make payment on time

Always pay your bills on-time, never be late, don’t miss… Pay by or before the due date. This is the most efficient way to keep your credit score on top. Every late payment will reduce your credit score. So, don’t delay payments. Set-up payment reminders so that you won’t miss your due dates.

No emotional purchasing

If going for loans, take what you can pay easily and on-time. Likewise, if you are out for shopping, do not do emotional purchasing of expensive goods. Else it will be difficult in paying back to the bank.

Cancel your unused cards

Now a days, people flaunts their cards of different banks just to show their status. If you are not using some of your cards, just get it cancelled. If those cards are stolen and used fraudulently, you will be in trouble. So, just to protect yourself and keep your credit score on higher level, keep only couple of cards or cards that your regularly use and cancel others.

Maintain account in your name

If you are a non-working spouse and the account is in your spouse’s name OR you are a student and using your parent’s account then start thinking of setting up your own account in your name. This will help you in building a good credit history.

Being patient

Even if your credit history got dent, you can improve it. Start paying debts on time, follow the above mentioned tips and gradually your credit score will go up. But it may take months to years so be patient – It’s like recreating your reputation all from the beginning.