Don’t miss the latest developments in business and finance.

Coordination team set up in MHA to tackle fake currency

Image
Press Trust of India New Delhi
Last Updated : Jan 25 2013 | 4:04 AM IST

"One special Fake Indian Currency Note- FICN Coordination Group (FCORD) has been formed in Ministry of Home Affairs to share intelligence/information amongst the different security agencies of state/centre to counter the menace of circulation of fake currency within the country.

"The security features in the high value currency notes are being constantly upgraded. RBI has also strengthened the mechanism for detection of counterfeit notes by the banks," Minister of State for Home Jitendra Singh said in a written reply in Rajya Sabha.

  

Also Read

First Published: Aug 30 2012 | 2:35 PM IST

Next Story