Fake Currency Detection
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Almost 80,000 Pieces Of Fake Rs 500 Notes Found In 2021-22: RBI
The number of fake currency note of Rs 500 denomination detected by the banking system more than doubled to 79,669 pieces in 2021-22 over last year
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IIT Kharagpur Students Devise Solution To Detect Fake Notes At Smart India Hackathon 2019
Students from IIT Kharagpur have devised unique solutions ranging from detecting counterfeit currency to nuclear radiation tracking through wearable sensors.
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Banks Received Highest-Ever Fake Currency After Demonetisation: Report
The country's banks received an all-time high amount of fake currency and also detected an over 480 per cent jump in suspicious transactions post demonetisation, a first-ever report on dubious deposits made in the wake of the 2016 notes ban has revealed.
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Post Demonetisation, Suspicious Transactions Jump 400%, Fake Currency Hit All-Time High: Report
Post-demonetisation, banks received an all-time high amount of fake currency and also detected an over 480 per cent jump in suspicious transactions
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Fake Currency Notes Act As Oxygen For Terrorism: Union Minister Rajnath Singh
High quality fake currency notes act as "oxygen for terrorism" which is a curse to the society, Home Minister Rajnath Singh said today.
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Fake Currency, Transactions Doubled Last Year, 562 Crores Found: Centre
Detection and reportage of suspicious transactions, fake currency notes and cross-border fund transfers in the country's economic channels doubled in the last fiscal year, leading to unearthing of over Rs 560 crore black money, a government report has said.
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Rs 11.23 Crore Fake Currency Detected Post Note Ban: Finance Minister Arun Jaitley
Fake currency totalling Rs 11.23 crore has been detected since demonetisation, Finance Minister Arun Jaitley said on Tuesday.
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Fake Currency Detection In Banks Swell To Maximum In Eight Years: Report
All banks, either public sector, private and foreign banks in the country, are mandated to report such instances to the Financial Intelligence Unit (FIU) under anti-money laundering law provisions.
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Union Budget 2017: Nitish Kumar Says Disappointed, Raises Black Money Issue
Bihar Chief Minister Nitish Kumar sided with the Opposition today to harshly criticise the Union budget, calling it "utterly disappointing", and pointing out that it did not clarify how much black money or fake currency was detected since the ban on 500- and 1000- rupee notes on November 8.
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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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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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Almost 80,000 Pieces Of Fake Rs 500 Notes Found In 2021-22: RBI
The number of fake currency note of Rs 500 denomination detected by the banking system more than doubled to 79,669 pieces in 2021-22 over last year
-
IIT Kharagpur Students Devise Solution To Detect Fake Notes At Smart India Hackathon 2019
Students from IIT Kharagpur have devised unique solutions ranging from detecting counterfeit currency to nuclear radiation tracking through wearable sensors.
-
Banks Received Highest-Ever Fake Currency After Demonetisation: Report
The country's banks received an all-time high amount of fake currency and also detected an over 480 per cent jump in suspicious transactions post demonetisation, a first-ever report on dubious deposits made in the wake of the 2016 notes ban has revealed.
-
Post Demonetisation, Suspicious Transactions Jump 400%, Fake Currency Hit All-Time High: Report
Post-demonetisation, banks received an all-time high amount of fake currency and also detected an over 480 per cent jump in suspicious transactions
-
Fake Currency Notes Act As Oxygen For Terrorism: Union Minister Rajnath Singh
High quality fake currency notes act as "oxygen for terrorism" which is a curse to the society, Home Minister Rajnath Singh said today.
-
Fake Currency, Transactions Doubled Last Year, 562 Crores Found: Centre
Detection and reportage of suspicious transactions, fake currency notes and cross-border fund transfers in the country's economic channels doubled in the last fiscal year, leading to unearthing of over Rs 560 crore black money, a government report has said.
-
Rs 11.23 Crore Fake Currency Detected Post Note Ban: Finance Minister Arun Jaitley
Fake currency totalling Rs 11.23 crore has been detected since demonetisation, Finance Minister Arun Jaitley said on Tuesday.
-
Fake Currency Detection In Banks Swell To Maximum In Eight Years: Report
All banks, either public sector, private and foreign banks in the country, are mandated to report such instances to the Financial Intelligence Unit (FIU) under anti-money laundering law provisions.
-
Union Budget 2017: Nitish Kumar Says Disappointed, Raises Black Money Issue
Bihar Chief Minister Nitish Kumar sided with the Opposition today to harshly criticise the Union budget, calling it "utterly disappointing", and pointing out that it did not clarify how much black money or fake currency was detected since the ban on 500- and 1000- rupee notes on November 8.
-
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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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.
