Latest News on Fake Notes
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Fake Notes - Total results - 17
Sep 17, 2018
Madhya Pradesh sees 300% spike in fake currency since demonetisation, but officials deny link with note banIn the 20 months since demonetisation, the Madhya Pradesh Police has seized fake notes worth Rs 1.29 crore in both new and old currency notes.
Aug 30, 2018
Detection of counterfeit notes was 31% lower than previous year; high-security features made making fakes difficult: RBICounterfeit notes detected in specified bank notes decreased by 59.7 and 59.6 percent in the denominations of Rs 500 and Rs 1,000
Apr 20, 2018
Banks received alarming amount of fake currency post demonetisation; detected 480% jump in suspicious transactionsBanks received a record amount of fake currency and detected an over 480 percent surge in suspicious transactions post demonetisation.
Feb 25, 2018
Chhattisgarh Police bust fake currency racket, arrest three for printing, circulating notes worth Rs 55,800The Mahasamund district police in Chhattisgarh has arrested three people, including a doctor, for allegedly printing and circulating fake currency notes, an official said
Aug 23, 2017
BSF seizes 260 fake of Rs 2,000 notes on Bengal border from suspected smugglerFake Indian currency notes of the face value of Rs 5,20,000 in Rs 2,000 denomination have been seized from near Bangladesh border.
Jul 24, 2017
Demonetisation: RBI to hire currency verification system to segregate fake notes from banned onesThe central bank is currently engaged in counting huge pile of old Rs 500/1000 notes which were scrapped following demonetisation on 9 November, 2016.
Jul 14, 2017
Visakhapatnam police seize Rs 2,000 fake notes worth Rs 4 lakhs, one heldThe officials of City Task Force on Friday arrested one person and seized counterfeit currency notes in denominations of Rs 2,000 notes with a face value of Rs 4.08 lakh from him at the railway station in Visakhapatnam.
Mar 10, 2017
Jaitley says, 12 lakh new notes infused in the market by RBIJaitley said the cost of the currency note is the function of direct and indirect material and labour cost, which changes every year.
Feb 19, 2017
Militancy in Kashmir was never a currency problem, demonetisation hasn't reduced terrorismWhatever other success we claim for demonetisation, it is failing on the count of militancy.
Dec 07, 2016
Demonetisation will not put an end to black money-generation, says economist Arun KumarThe government, in a single stroke has scrapped a large volume of currency, which was in circulation, without having an alternative arrangement in place. It has created chaos and panic.