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Revealed in RBI report: Counterfeit notes of Rs 5,45,00,080 were caught, who is running black business of fake currency?

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RBI Report: A total of 2,08,625 fake notes have been caught in the financial year 2020-21, out of which 8107 notes i.e. about 4 percent of fake notes have been caught by RBI, while other banks have caught 2,00,518 notes i.e. about 96 percent .

Revealed in RBI report: Counterfeit notes of Rs 5,45,00,080 were caught, who is running black business of fake currency?

RBI Annual Report: Fake notes worth Rs 5.45 crore have been caught in the financial year 2020-21

Reserve bank of India Annual Report 2021: The business of counterfeit notes is also flourishing in the country. Every year fake notes of crores of rupees being caught in the country confirm this. The Reserve Bank of India (RBI) has revealed in the annual report released on Thursday that fake notes worth more than Rs 5.45 crore have been caught in the financial year 2020-21.

According to the report, a total of 2,08,625 counterfeit notes have been caught in the financial year 2020-21, out of which 8107 notes i.e. about 4% of counterfeit notes have been caught by RBI, while other banks have held 2,00,518 notes i.e. about 96% of counterfeit notes. Huh. The highest number of these counterfeit notes is 100 rupee notes.

31% increase in fake currency notes of new 500 rupees

Compared to the previous year, there has been an increase of 31.3 per cent in fake currency notes of 500 rupees of new ones. 39,453 notes have been seized in the financial year 2020-21 as compared to 30,054 in the financial year 2019-20. However, the quantity of other types of counterfeit currency has come down.

10 notes worth Rs 3040, 20 notes worth Rs 5340, Rs 50 notes worth Rs 1240100 and 100 notes worth Rs 11073600 have been held. At the same time, 500 rupee notes have been caught worth a total of Rs 1,97,31,000. 2000 notes worth Rs 1,75,96,000 have also been seized.

Understand from this chart which and how many fake notes were captured

currency number of notes Total value
10 rupee note 304 Rs 3,040
20 rupee note 267 Rs 5,340
50 rupee note 24,802 Rs 12,40,100
100 rupee note 1,10,736 Rs 1,10,73,600
200 rupee note 24,245 Rs 48,49,000
500 rupee note 39,462 Rs 1,97,31,000
1000 rupee note 2 2,000 rupees
2000 rupee note 8,798 Rs 1,75,96,000
(2,5 of 9 notes Extra) The total amount – Rs 5,45,00,080

100 rupees fake currency caught the most

In the financial year 2020-21, the maximum fake currency notes of 100 rupees have been caught. RBI and other banks have caught 1,10,736 notes of Rs 100 this year. That is, the total amount is 1,10,73,600. Although it is less as compared to the last financial year. In the last financial year 2019-20, 1,68,739 notes of 100 rupees were caught. That is, the total amount is Rs 1,68,73,900.

Other notes

In the financial year 2020-21, 9 notes of 2 and 5 rupees have been caught, while in the last financial year, 22 such notes were caught. In the year 2020-21, 304 notes of 10 rupees, 267 notes of 20 rupees, 24,802 notes of 50 rupees, 1,10,736 notes of 100 rupees and 24,245 fake notes of 200 rupees have been caught.

Talking about fake notes of 500 rupees, 9 notes of Mahatma Gandhi’s old series have also been caught, which have been closed. At the same time, 39,453 notes of the new series have been caught. 2 old notes of 1000 rupees have also been caught, while 8,798 fake notes of 2000 rupees have been caught by the banks.

See the last three financial year figures here

Rbi Annual Report Currency

(Source: RBI Annual report)

Police and central agencies of many states keep telling about who is running the black trade of fake currency in the country. In many cities of the country including Delhi, the accused have been caught with fake notes. Reports often appear in the media. Guidelines are issued by the RBI to identify genuine and fake currency. RBI keeps on telling many ways to identify genuine and fake notes.

Global economy can be improved through collective efforts

The Reserve Bank of India (RBI) has said in the annual report released on Thursday that it will maintain the movement of cash in the economy in the current financial year satisfactorily. RBI has assured that customers will continue to benefit from monetary policy measures. The central bank had also taken a number of conventional and out of the box steps to deal with the first wave of COVID-19, aimed at ensuring sufficient cash in the financial system for the financial year ended March 31, 2021. RBI has said that it is possible to improve the economy with collective efforts.

Also read: RBI Annual Report: The price of pulses and edible oil will continue to rise, wheat and rice will remain soft!

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Bhagyashree Soni
Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social-cause and entreprenurship is her forte.
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