Fri, Aug 18, 2023
According to the Reserve Bank of India guidelines, if you have received a fake note in a transaction, and do not remember where you got it from, you need to inform the bank or the police. Circulation of counterfeit currency is a punishable offence under Section 489A of the Indian Penal Code (IPC).
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Wed, Aug 09, 2023
A court in Maharashtra's Thane district has sentenced a man to seven years' rigorous imprisonment for possessing counterfeit currency notes with a face value of Rs 1.75 lakh.
Sat, Nov 24, 2018
A recent report has revealed that since people are extra cautious in taking high-denomination banknotes like that of Rs 2000, these gangs have shifted their focus on to small notes like Rs 50.
Thu, Aug 30, 2018
The new currency notes introduced post demonetisation failed to keep a check on fake or counterfeit notes.
Mon, Dec 26, 2016
Describing the currency being deposited in banks following last month`s demonetisation of high-value notes as money that has lost its earlier "anonymity", Finance Minister Arun Jaitley on Sunday said these funds now available with the banks have strengthened the Indian banking system.
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