The network of fake notes is spreading in the country, check whether you also have fake currency of 200 and 500 rupees?:

News Topical, Digital Desk : Fake Currency: The number of fake notes in the country is continuously increasing. The Reserve Bank of India (RBI) said in its annual report for 2024-25, the detection of fake notes of Rs 500 (excluding some banks) in the financial year 2025 increased by 37.35 percent to 1,17,722 compared to last year. This number is the highest in the last six years.

However, the total number of counterfeit notes caught by the banking system declined to 2,17,396 in FY25 from 2,22,638 last year. In contrast, the number of counterfeit Rs 2000 notes has declined by a massive 86.5 per cent to 3,508 from a five-year high of 26,035 in FY24. This decline comes after the RBI's decision to withdraw the Rs 2000 note from circulation on 19 May 2023.

As of April 30, 2025, Rs 6,266 crore worth of Rs 2000 notes were in circulation. According to the report, as of September 1, more than 93 percent, that is, a large part of about Rs 3.56 trillion of 2000 notes, has been deposited in the bank. Fake notes of low value are also in circulation in the market. The number of fake notes of less than Rs 200 increased by 13.9 percent to 32,600, while the number of fake notes of Rs 100 decreased by about 23 percent to 51,069. Meanwhile, currency in circulation (CIC) - which is 76.9 percent of the reserve currency - improved by 5.8 percent in FY 2025, while it was 4.1 percent a year ago.

The value and volume of bank notes in circulation have increased by 6 percent and 5.6 percent respectively. The share of 500 rupee notes in circulation is the highest, which is 86 percent in terms of value and 40.9 percent in terms of volume. After this, the share of 10 rupee notes is 16.4 percent. The RBI report also mentioned the increase in digital transactions.