In 2017-18, 522,783 counterfeit notes were detected in the banking system, of which 63.9 per cent were detected by commercial banks.
Detection of counterfeit notes was 31.4 per cent lower than the previous year, as demonetisation led to submission of a lot of fake notes.
However, compared to the previous year, there was an increase of 35 per cent in Rs 100 notes, “while there was an increase of 154.3 per cent in counterfeit notes detected in the denomination of Rs 50,” said
Detection of counterfeit notes was 31.4 per cent lower than the previous year, as demonetisation led to submission of a lot of fake notes.
However, compared to the previous year, there was an increase of 35 per cent in Rs 100 notes, “while there was an increase of 154.3 per cent in counterfeit notes detected in the denomination of Rs 50,” said