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fake currency

RBI Annual Report: More fake Rs 500 notes in circulation than Rs 2,000

RBI Annual Report: More fake Rs 500 notes in circulation than Rs 2,000

Tue, May 30, 2023

The Reserve Bank of India (RBI) has released its annual report for the financial year 2022-23. The report shows that the number of fake Rs 500 denomination notes detected increased by 14.4% to 91,110 pieces in FY23. However, the number of fake Rs 2,000 denomination notes detected decreased to 9,806 pieces. Counterfeit notes of Rs 20 and Rs 500 (new design) increased by 8.4% and 14.4%, respectively. While, counterfeit notes of Rs 10, Rs 100, and Rs 2,000 declined by 11.6%.

CID arrests man with fake currency notes

CID arrests man with fake currency notes

Fri, Apr 28, 2023

The West Bengal CID arrested a man from Murshidabad district after fake Indian currency notes (FICN) with a face value of Rs 94,000 was seized from his possession.

Alert! Fake Currency Notes Of Rs 500 & Rs 2,000 Surge 101%, Says RBI

Alert! Fake Currency Notes Of Rs 500 & Rs 2,000 Surge 101%, Says RBI

Mon, May 30, 2022

Fake notes of Rs 2,000 increased by 55% in 2021-22 over the previous fiscal year. Recently the data has been released by RBI. Out of the total Fake Indian Currency Notes detected in the banking sector, 6.9 per cent were detected at the RBI and 93.1 per cent at other banks.

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Fake Rs 2000 currency notes seized in West Bengal; total amount Rs 1,92,000

Fake Rs 2000 currency notes seized in West Bengal; total amount Rs 1,92,000

Mon, Aug 19, 2019

Based on prior information, the officers intercepted one Malda based FICN racketeer namely Yusuf Sekh (21), from Strand road near Babu Ghat bus Stand on Saturday night.

Did you come across Re 1, Rs 2, Rs 5, Rs 10 fake coins? This is how you can detect real one

Did you come across Re 1, Rs 2, Rs 5, Rs 10 fake coins? This is how you can detect real one

Sat, Mar 09, 2019

Many news agencies have reported about Rs 5 and Rs 10 fake coins circulation as well.

Fake Rs 2,000 notes caught! Unbelievable, they are just like originals! How you can play smart

Fake Rs 2,000 notes caught! Unbelievable, they are just like originals! How you can play smart

Wed, Nov 28, 2018

Since everyone is still not too familiar with the notes, unscrupulous elements are taking advantage of innocent people and passing off fake currency notes successfully. Huge losses are suffered by the people and country.

Found fake note in Bank ATM? Do this, or you may end up in jail

Found fake note in Bank ATM? Do this, or you may end up in jail

Sun, Oct 21, 2018

It is possible that you may sometimes end up getting a fake currency in a bank's ATM, but you need to be careful about what you do with the note afterwards the same. Usually when we withdraw money from an ATM, we do not check the notes' credibility and most of the time we don't even count the amount because of the trust we have over bank and the ATM.

Have you got fake banknotes from bank ATM; here's what you can do

Have you got fake banknotes from bank ATM; here's what you can do

Mon, Sep 10, 2018

Fake banknotes in bank ATMs are a clear and present danger especially with the latest upgradation and old notes still circulating, it creates high chances of account holders being duped.

Do you have these banks' credit cards? Beware, majority of bank ATMs not safe; what you can do

Do you have these banks' credit cards? Beware, majority of bank ATMs not safe; what you can do

Sun, Jul 22, 2018

These banks ATMs are not safe and their credit card holding customers may be in danger of losing their hard earned money to fraudsters.

Your bank ATM will no longer be the same; this threat to cash makes RBI order a crackdown

Your bank ATM will no longer be the same; this threat to cash makes RBI order a crackdown

Tue, Jun 26, 2018

After much concern was expressed over bank ATM functioning, especially regarding fake currency, action has finally been ordered by none other than RBI.

Before 'anti-black money' day another ATM dispenses fake Rs 2000 note

Before 'anti-black money' day another ATM dispenses fake Rs 2000 note

Tue, Nov 07, 2017

Before the country observes the one year anniversary of demonetisation on November 8 another case of fake notes being dispensed from an ATM has been noted.

New Rs 100 notes are coming this April 2018?

New Rs 100 notes are coming this April 2018?

Wed, Oct 04, 2017

Rs 100 may be soon distributed in India in two formats both banknotes and coin pattern. RBI so far has revamped four bank notes in a move to eliminate fake currency.

Rs 15.28 lakh crore old notes back in banks; was the demonetisation exercise a complete failure?

Rs 15.28 lakh crore old notes back in banks; was the demonetisation exercise a complete failure?

Thu, Aug 31, 2017

What was the real purpose of demonetisation? Zeebiz attempts to answer your queries.

Govt agencies worried as security features on currency notes same for over a decade

Govt agencies worried as security features on currency notes same for over a decade

Mon, Apr 03, 2017

The government plans to change the security features of currency notes including the new Rs 2,000 and Rs 500 notes introduced post demonetisation era as they haven’t been changed in more than a decade a report by

Where are the fake notes? Even RBI doesn't know

Where are the fake notes? Even RBI doesn't know

Tue, Jan 24, 2017

Galgali had asked RBI to provide details of the number or value of the fake currencies detected post-demonetisation.

Demonetisation to strengthen hands of poor, says PM Narendra Modi

Demonetisation to strengthen hands of poor, says PM Narendra Modi

Sat, Dec 10, 2016

Prime Minister Narendra Modi said on Saturday that the decision to ban old Rs 500 and 1,000 notes was taken to strengthen the hands of the nation`s poor.

Fears of ''fake'' new notes: Some quick ways to identify authenticity

Fears of ''fake'' new notes: Some quick ways to identify authenticity

Mon, Nov 14, 2016

While the Rs 2,000 note`s paper is in magenta, the Rs 500 note is in stone gray.

Deposits above Rs 2.5 lakh to face tax, 200% penalty on mismatch

Deposits above Rs 2.5 lakh to face tax, 200% penalty on mismatch

Thu, Nov 10, 2016

Further dangling the stick, government on Wednesday warned that cash deposits above Rs 2.5 lakh threshold under the 50-day window could attract tax plus a 200% penalty in case of income mismatch.

Rs 500, Rs 1000 Ban: Here are the best jokes people made on Twitter

Rs 500, Rs 1000 Ban: Here are the best jokes people made on Twitter

Wed, Nov 09, 2016

After the Government of India banned circulation of Rs 500 and Rs 1,000 notes from November 8, people thronged on to Twitter to express their views.

Stocks slide, ATMs run dry after India rupee shock

Stocks slide, ATMs run dry after India rupee shock

Wed, Nov 09, 2016

The government's latest move to fight black money and corruption by banning Rs 500 and Rs 1,000 notes from circulation have impacted the Indian markets on Wednesday.

'Realty, consumer non-durable makets to be hit by notes ban'

'Realty, consumer non-durable makets to be hit by notes ban'

Wed, Nov 09, 2016

Experts are of the view that e-commerce, real estate and consumer non-durable sectors are likely to be hit by government's move to ban Rs 500 and Rs 1,000 notes, even as they projected the economy to benefit from it in the long run.

Save yourself from fake notes; 9 features of an authentic Indian currency note

Save yourself from fake notes; 9 features of an authentic Indian currency note

Fri, Jun 10, 2016

A picture of Rs 500 note is doing the rounds on messaging services like WhatsApp. What’s so interesting about this currency note you would ask? Well, the year mentioned on the note is 2018—two years from now (See picture).

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