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%.
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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.
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.
Sat, Jul 28, 2018
With the latest upgradation and still circulation of existing old notes, this creates high chance of fake notes.
Mon, Jul 16, 2018
Around 302 fake currency notes were recovered from their possession, and the fake currency notes were of Rs 2,000 denomination, said the Chamoli police, which is reportedly investigating the case and has registered an FIR at Karnprayag Kotwali police station of Chamoli.
Sun, Jun 24, 2018
It has been nearly a year now since RBI introduced the new Rs 200 currency note - a new addition to high denomination notes. It is therefore, necessary to know that you are not carrying a fake note.
Sat, Jun 23, 2018
Fake bank notes are a big worry. In India currently there are 9 currency notes namely old Rs 10, new Rs 10, Rs 20, old Rs 50, new Rs 50, Rs 100, Rs 200, Rs 500 and Rs 2000. The ATMs only dispense from Rs 100 to highest denomination Rs 2000.
Sun, Jul 30, 2017
The report of the Financial Intelligence Unit (FIU), the premier technical snoop wing under the Finance Ministry, said the financial year 2015-16 saw a "record increase" in the detection of such instances.
Fri, Aug 05, 2016
A study on Fake Indian Currency Notes (FICN) revealed that a whopping Rs 400 crore was found to be in circulation during the last 4 years in the Indian economy.
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