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Detection of Fake INR 50, INR 100 Notes Increasing Over Time

September 12, 2018

Detection of Fake INR 50, INR 100 Notes Increasing Over Time

This Wednesday, the central bank RBI announced that during the financial year 2017-18 the detection of fake currency notes of INR 50 and INR 100 denomination was the highest in the past 3 years. 

RBI report said that around 23,447 pieces of counterfeit of INR 50 and INR 100 notes were detected in FY18 which are 154.3% higher than FY17’s 9,222 notes and 263.8% higher than FY16’s 6,453 notes. However, the overall detection of fake notes in FY18 was 31.4% lower than the previous year.

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