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COUNTERFEIT CURRENCY TRANSACTIONS
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Rs 500 fake notes news buzzing on social media: Know how to check the official features of an Indian currency noteCounterfeit Indian currency note: Social media is full of reports by many people about a fake Rs 500 Indian currency note where the fraudst...
- Special NIA court convicts sixth accused in Bengaluru fake currency caseA woman named Vanitha has been convicted in the Bengaluru fake currency case in which high-quality counterfeit banknotes were smuggled from...
- What to do if you get a fake note, what's the punishment for offence related to counterfeit currency?if you receive a fake India rupee note, it's essential to stay calm, examine the note carefully, report it to the authorities, retain the n...
- Nepal arrests Yunus Ansari: Kingpin of Fake Indian Currency NotesIndia has been pressing Nepal to take action against Yunus Ansari accusing him as a kingpin of FICN network.
- Note ban triggers record 14-times high generation of suspicious transaction reports linked to tax crimes: FIUThis is the highest-ever figure of STRs since the FIU first started the regime over a decade ago.
- Demonetisation led to highest fake currency, suspicious transactions: ReportCounterfeit currency transactions in the banking and other economic channels witnessed an increase by over 3.22 lakh instances during 2016-...
- Fake notes more than double of what was estimated: RBIGiven the estimates of fake notes, there could be severe adverse impact on bank balance sheet as banks bear the cost of counterfeit notes a...
- Fake currency detection in banks swell to max in 8 yearsThe data for 2010-11 to 2014-15 shows that the major chunk of these reports, at over 90 per cent, were filed by private Indian banks.
- New currency notes in ATMs from Friday: GovernmentThe ATMs will open day after tomorrow and at many places they will open tomorrow, he said adding new notes will be available at ATMs.
- RBI issues warning about Rs 500 and Rs 1,000 counterfeit notesCurrency notes of higher denomination have various security features to ensure that counterfeit notes are easy to spot.
- Accept Rs 500/1,000 notes only after careful scrutiny: RBIThe central bank has cautioned the public to subject notes that are accepted to "careful scrutiny".
- Fake currency notes now harder to detect: Delhi PoliceIntelligence agencies are worried that despite some traditional routes of FICN smuggling being neutralised, the flow of counterfeit currenc...
- Banks shouldn't send seized counterfeit currency notes to police: Home ministry to RBIHome ministry has asked the RBI to impress upon banks to handle seized counterfeit currency notes themselves if the number is up to four pi...
- Over 54,000 suspicious transactions reported to Financial Intelligence Unit in 2013-14During the same period, the FIU also received a total of 96 lakh Cash Transaction Reports and over 4,50,000 Counterfeit Currency Reports.
- Pre-2005 fake notes have no value: Reserve Bank of IndiaThe RBI has confirmed to ET that a person will get “no value” from the bank if he or she has a counterfeit currency note.
- Banks may be held responsible for ATM fake notesSubbarao said the central bank is working with the government to amend the law and make the source of counterfeit currency legally liable.
- 400 percent rise in fake currency circulation: Finmin reportAs fake currency continues to be pumped illegally into the country, a latest government report states that there has been a 400 per cent in...
- Nepal asks India to lift ban on Rs 1,000 and Rs 500 notesNepal has asked New Delhi to lift the ban on the transaction of Indian Rs 1,000 and Rs 500 currency notes in the country so as to boost bus...
- SBI launches first 'cash factory' in LucknowIndia's largest lender State Bank of India (SBI) on Wednesday launched its first Currency Administration Branch (CAB), an exclusive branch ...
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