Counterfeit of new ₹500 notes increased by 121% in FY19: RBI1 min read . Updated: 29 Aug 2019, 06:51 PM IST
- However, counterfeit notes detected in the denomination of ₹100 declined by 7.5%
- Compared to the previous year, there was an increase of 20.2%, 87.2% and 57.3% in counterfeit notes detected in the denominations of ₹10, ₹20 and ₹50, respectively
During 2018-19, out of the total Fake Indian Currency Notes (FICNs) detected in the banking sector, 5.6% were detected at the Reserve Bank and 94.4% were detected by other banks, said the central bank's annual report 2019.
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