Fake Notes

The fake currency used to dupe the owner of a Ahmedabad-based bullion firm used misspelled Reserve Bank of India as 'Resole Bank of India'

A special NIA court in Bihar has sentenced a key accused in the East Champaran fake currency case to five years' rigorous imprisonment, an official said on Sunday. Raisuddin, a resident of Mohanpur village in West Bengal's Malda district, was also fined Rs 5,000. The court convicted him in the 2015 case on August 18. He was sentenced on Saturday, a spokesperson for the federal agency said. He has been sentenced to five years of rigorous imprisonment with a fine of Rs 5,000 under various sections of the Indian Penal Code and the Unlawful Activities (Prevention) Act, the official said. Raisuddin is the fifth person to be convicted and sentenced in the case relating to the East Champaran Fake Indian Currency Notes (FICN) case. The Directorate of Revenue Intelligence, Patna, initially registered a case on September 19, 2015, following the seizure of high-quality FICN with a face value of Rs 5,94,000 (Rs 5.94 lakh) from another accused, Afroz Ansari. Ansari was carrying the FICN ...

The Reserve Bank of India believes that households in India hold more high-value currency notes at home while substituting lower-value notes with digital transactions

The number of counterfeit notes of Rs 2,000 denomination detected in the system was 13,604 pieces during 2021-22, up 54.6 per cent from the preceding financial year

Fake notes of Rs 2,000 increased by 55% in 2021-22 over the previous fiscal year

Principal Secretary Home Department of Jammu and Kashmir, Shaleen Kabra on Wednesday chaired a meeting to discuss the need to detect fake currency notes while also cautioning about online frauds

Banks detected 95.4% of fake notes in 2019-20 (April to March), while the remaining 4.6% were detected by Reserve Bank

Banks received Rs 15.31 trillion, or 99.3 per cent, of the Rs 15.41 trillion worth Rs 500 and Rs 1,000 notes in circulation on November 8, 2016, when the note ban was announced, it said

RBI had carried out an inspection of currency chests of two branches of the country's largest lender

Was it a just a prank or sheer disdain towards the so-called security features touted by govt?

West Bengal Police had earlier seized 40 such fake notes from a man in Murshidabad

Arrested persons identified as Hruday Jagani, Lakshman Chauhan, both hailing from Ahmedabad, police said