Counterfeit Bank Notes
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3 Arrested In Gujarat With 1,570 Fake Notes Worth Rs 7.85 Lakh
Three persons were arrested here with fake Indian currency notes with a total face value of Rs 7.85 lakh that they planned to exchange with the now-withdrawn Rs 2,000 banknotes, police said on Monday.
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Fake Rs 50 Notes Found In Bank Chest In UP, Case Against Manager
A bank manager has been booked after 27 counterfeit currency notes of Rs 50 denomination were found in the bank chest in Uttar Pradesh's Muzaffarnagar, a police official said.
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11 Of 17 Security Features Of Rs 2,000 Note Cracked. Centre Draws A Plan
To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards. The move comes in the wake of recovery of a large amount of fake Indian currency notes in last four months after demonetisation.
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After Delhi, Now Fake Rs 2,000 Note Comes Out Of SBI ATM In Uttar Pradesh
Just days after fake Rs 2,000 notes were dispensed from a State Bank of India ATM in Delhi, the counterfeit notes have returned to haunt the government-run bank. On Thursday evening, at an SBI ATM in Uttar Pradesh's Shahjahanpur, a man was shocked to receive a scanned copy of a Rs 2,000 note.
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Fake New Notes With Face Value Of Over 26 Lakhs Seized In Gujarat; 2 Arrested
Two persons were arrested today with counterfeit Rs 2,000 and Rs 500 currency notes with a face value of Rs 26,10,000, police in Gujarat's Rajkot said.
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Banks Have Received $80 Billion In 500, 1,000 Rupee Notes, Says RBI: 10 Points
The Reserve Bank of India on Monday said banks have received 5.45 trillion rupees or 80 billion dollars in 500 and 1,000 rupee notes from November 10 to 18, after the government decided to withdraw high value bills to eliminate black or untaxed money and counterfeit currency.
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Mamata Banerjee Calls PM Modi's Currency Move 'Draconian'. In All Caps
Mamata Banerjee has tweeted her criticism to the Narendra Modi government's move to scrap 500 and 1000 rupee notes from midnight today in all caps.
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Banks, ATMs Closed Today: 10 Things To Know
In his government's battle against black money and counterfeit currency, Prime Minister Narendra Modi has announced that 500 Rupee and 1000 rupee notes will cease to be legal from midnight.
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What To Do With 500 And 1,000 Rupee Notes
To stop the spread of counterfeit notes, the government has decided to scrap the 500 and 1,000 rupee notes, Prime Minister Narendra Modi said. Today, these notes will only be "worth the paper they are printed on," he said.
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Step Up Vigil To Check Fake Currency Circulation: RBI To Banks
The RBI said the failure of banks in detection and impounding of counterfeit notes and in preventing such currencies from being recirculated will be violative of the directions and "will, therefore, attract penal action".
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Fear of Counterfeits Stops RBI From Issuing High Value Notes: Rajan
Acknowledging that people's wallets are thickening as they are required to carry more notes for errands, Reserve Bank of India Governor Raghuram Rajan on Friday said it is difficult to have currency notes of bigger denominations due to the fear of counterfeiting.
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RBI Withdraws Banks' 25% Compensation for Detecting Fake Notes
The Reserve Bank of India on Thursday said it has withdrawn the instructions on compensation to banks at 25 per cent of the notional value of counterfeit notes detected.
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RBI Issues Rs 100 Notes With New Numbering Pattern
RBI said that, in consultation with the government, it has been improving security features of banknotes in order to check counterfeiting and make it easy for the public to identify genuine banknotes.
-
RBI to Come Out With New Series of Currency Notes Soon
Speaking to reporters after the RBI's central board meeting here, Gandhi said the counterfeit notes, which have come to light, are similar only "by the look of it", which may make it difficult for an ordinary person to detect them.
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Counterfeiters Lapping Up Rs 100, 1,000 Bills: RBI
Currency counterfeiters appear to have started focusing more on the Rs 100 and Rs 1,000 denominations, even though the traditional favourite Rs 500 bills continue to be the most to be faked by numbers, the Reserve Bank has said.
-
3 Arrested In Gujarat With 1,570 Fake Notes Worth Rs 7.85 Lakh
Three persons were arrested here with fake Indian currency notes with a total face value of Rs 7.85 lakh that they planned to exchange with the now-withdrawn Rs 2,000 banknotes, police said on Monday.
-
Fake Rs 50 Notes Found In Bank Chest In UP, Case Against Manager
A bank manager has been booked after 27 counterfeit currency notes of Rs 50 denomination were found in the bank chest in Uttar Pradesh's Muzaffarnagar, a police official said.
-
11 Of 17 Security Features Of Rs 2,000 Note Cracked. Centre Draws A Plan
To check counterfeiting, the government plans to change security features of higher denomination banknotes of Rs 2,000 and Rs 500 every 3-4 years in accordance with global standards. The move comes in the wake of recovery of a large amount of fake Indian currency notes in last four months after demonetisation.
-
After Delhi, Now Fake Rs 2,000 Note Comes Out Of SBI ATM In Uttar Pradesh
Just days after fake Rs 2,000 notes were dispensed from a State Bank of India ATM in Delhi, the counterfeit notes have returned to haunt the government-run bank. On Thursday evening, at an SBI ATM in Uttar Pradesh's Shahjahanpur, a man was shocked to receive a scanned copy of a Rs 2,000 note.
-
Fake New Notes With Face Value Of Over 26 Lakhs Seized In Gujarat; 2 Arrested
Two persons were arrested today with counterfeit Rs 2,000 and Rs 500 currency notes with a face value of Rs 26,10,000, police in Gujarat's Rajkot said.
-
Banks Have Received $80 Billion In 500, 1,000 Rupee Notes, Says RBI: 10 Points
The Reserve Bank of India on Monday said banks have received 5.45 trillion rupees or 80 billion dollars in 500 and 1,000 rupee notes from November 10 to 18, after the government decided to withdraw high value bills to eliminate black or untaxed money and counterfeit currency.
-
Mamata Banerjee Calls PM Modi's Currency Move 'Draconian'. In All Caps
Mamata Banerjee has tweeted her criticism to the Narendra Modi government's move to scrap 500 and 1000 rupee notes from midnight today in all caps.
-
Banks, ATMs Closed Today: 10 Things To Know
In his government's battle against black money and counterfeit currency, Prime Minister Narendra Modi has announced that 500 Rupee and 1000 rupee notes will cease to be legal from midnight.
-
What To Do With 500 And 1,000 Rupee Notes
To stop the spread of counterfeit notes, the government has decided to scrap the 500 and 1,000 rupee notes, Prime Minister Narendra Modi said. Today, these notes will only be "worth the paper they are printed on," he said.
-
Step Up Vigil To Check Fake Currency Circulation: RBI To Banks
The RBI said the failure of banks in detection and impounding of counterfeit notes and in preventing such currencies from being recirculated will be violative of the directions and "will, therefore, attract penal action".
-
Fear of Counterfeits Stops RBI From Issuing High Value Notes: Rajan
Acknowledging that people's wallets are thickening as they are required to carry more notes for errands, Reserve Bank of India Governor Raghuram Rajan on Friday said it is difficult to have currency notes of bigger denominations due to the fear of counterfeiting.
-
RBI Withdraws Banks' 25% Compensation for Detecting Fake Notes
The Reserve Bank of India on Thursday said it has withdrawn the instructions on compensation to banks at 25 per cent of the notional value of counterfeit notes detected.
-
RBI Issues Rs 100 Notes With New Numbering Pattern
RBI said that, in consultation with the government, it has been improving security features of banknotes in order to check counterfeiting and make it easy for the public to identify genuine banknotes.
-
RBI to Come Out With New Series of Currency Notes Soon
Speaking to reporters after the RBI's central board meeting here, Gandhi said the counterfeit notes, which have come to light, are similar only "by the look of it", which may make it difficult for an ordinary person to detect them.
-
Counterfeiters Lapping Up Rs 100, 1,000 Bills: RBI
Currency counterfeiters appear to have started focusing more on the Rs 100 and Rs 1,000 denominations, even though the traditional favourite Rs 500 bills continue to be the most to be faked by numbers, the Reserve Bank has said.
