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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%.

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.

Here is how to check if your Rs 500 note is genuine or fake - Check RBI document

Here is how to check if your Rs 500 note is genuine or fake - Check RBI document

Fri, Feb 25, 2022

The Government of India's PIB Fact Check team on its Twitter handle has busted a fake news related to Rs 500.

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Is your Rs 100 note fake or genuine? Here is how you can check

Is your Rs 100 note fake or genuine? Here is how you can check

Wed, Mar 13, 2019

The lavender coloured notes were unveiled last year in July under the Mahatma Gandhi New Series.

Great step by IIT students! New app developed to identify fake notes - How it will help you

Great step by IIT students! New app developed to identify fake notes - How it will help you

Mon, Mar 11, 2019

The researchers have also developed the code for a smartphone application to detecting counterfeit currency.

Fake notes detector! This IIT has developed mobile app to identify counterfeit currency - Key details

Fake notes detector! This IIT has developed mobile app to identify counterfeit currency - Key details

Fri, Mar 08, 2019

A group of six students from the Department of Computer Science and Engineering developed the code for a smartphone application to detecting counterfeit currency.

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.

Beware! These pictures of fake Rs 1000 notes, coins are doing rounds on WhatsApp

Beware! These pictures of fake Rs 1000 notes, coins are doing rounds on WhatsApp

Mon, Aug 14, 2017

Pictures of fake Indian currencies are doing rounds on social media. Beware.

Govt seizes Rs 2.55 crore in fake notes post demonetisation; more than half from Gujarat

Govt seizes Rs 2.55 crore in fake notes post demonetisation; more than half from Gujarat

Tue, Aug 08, 2017

Even after the government banned Rs 500 and Rs 1000 notes to curb fake notes over Rs 2.55 crore fake notes have now been seized by the government post demonetisation.

Four reasons RBI Governor Urjit Patel gave for not counting demonetised notes

Four reasons RBI Governor Urjit Patel gave for not counting demonetised notes

Thu, Jul 13, 2017

RBI Governor Urjit Patel listed these reasons for not being able to decipher how many illegal notes have come back to the central bank.

After demonetisation fails to stop fake notes, govt plans change in security features

After demonetisation fails to stop fake notes, govt plans change in security features

Sun, Apr 02, 2017

After demonetisation failed to stop counterfeiting of Indian currency, the government now plans to change the security features every 3-4 years.

Got fake notes from an ATM? Here's what you need to do

Got fake notes from an ATM? Here's what you need to do

Wed, Feb 22, 2017

It may not be your fault when you come across counterfeit notes but the law may not be so kind. State Bank of India (SBI)’s ATM in Delhi’s South Sangam Vihar allegedly dispensed fake Rs 2,000 notes on February 6 from ‘Children’s Bank of India.’

5 key highlights of PM Narendra Modi's new schemes, incentives announced on New Year's Eve

5 key highlights of PM Narendra Modi's new schemes, incentives announced on New Year's Eve

Sun, Jan 01, 2017

Prime Minister Narendra Modi after completion of 50-day demonetisation window announced a series of incentives to senior citizens, farmers, women, and small businesses during his New Year's Eve address to the nation on Saturday.

Only 16 of every 250 fake notes detected in India

Only 16 of every 250 fake notes detected in India

Thu, Nov 24, 2016

Is India doing enough to detect fake notes, cited by the Prime Minister Narendra Modi as a significant reason for withdrawing 86 % of India`s currency, a process popularly known as `demonetisation`?

ATMs to remain shut on Nov 9 & 10 as banks replace old currency notes

ATMs to remain shut on Nov 9 & 10 as banks replace old currency notes

Wed, Nov 09, 2016

All ATMs will remain shut on Wednesday and Thursday as banks replace the now declared invalid Rs 500 and Rs 1,000 notes with new currency papers.

Fake currency circulation in India reaches monstrous Rs 400 crore

Fake currency circulation in India reaches monstrous Rs 400 crore

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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