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COUNTERFEIT BANK
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...
PNG gas scam: Man clicked on bill link & kept losing money until Rs 31 lakh was drained; 21 others fell for the same fraudFake gas bill update scam: A cyber fraud has targeted 22 individuals in Thane, Maharashtra. Victims received fake gas bill update messages,...
Resilient Indian economy may face West Asia headwinds; El Nino impact likely on agri output: RBIAs energy prices surge and supply chain disruptions persist, India's economic landscape is indeed testing its resilience; yet, robust finan...
Fake Rs 500 notes surge 20% as counterfeits rise across banking systemFake currency detection in India increased in 2025-26. The Rs 500 note became the primary target for counterfeiters, showing a significant ...
IPL 2026: Four arrested for selling fake tickets in RCB vs LSG match; used ChatGPT, design software for conPolice in Lucknow arrested four members of an interstate gang accused of creating and selling fake IPL tickets outside Ekana Cricket Stadiu...
eCommerce fraud goes 'Jamtara-style', powered by device farming: ReportIndian online shopping faces a new threat. Organised groups are using device farms to commit large-scale eCommerce fraud. These networks ex...
Has RBI announced 'new rules' for exchanging old Rs 500 & Rs 1,000 currency notes?Social media claims about the Reserve Bank of India allowing exchange of old Rs 500 and Rs 1000 notes are false. The official website of th...
Thinking of buying silver bars? Key things you must know before you investSilver investment tips: Investing in silver bars offers an accessible entry into physical assets, with size, production method, and brand i...
How to identify a fake Rs 2000 noteThe RBI has sent letters to banks/institutions to adhere "meticulously" to the central bank's master directive on dealing with forgeries.
Rs 2,000 note withdrawn from circulation: If bank finds your note to be fake this is what will happenRBI has instructed all banks to follow the central bank's master direction on dealing with counterfeit notes in case any of the Rs 2000 not...
New designs of Rs 500 and Rs 2000 notes getting prone to counterfeits: RBI dataCounterfeit notes in the new design of Rs.500 which was introduced in 2016, increased by 121.0 per cent, while for Rs.2000, it increased by...
Demonetisation: RBI seeks details of fake currency from banks"In continuation by the same, the banks are advised to send branch-wise report on detection of counterfeit notes," the RBI said in a notifi...
RBI withdraws banks' 25% compensation for detecting fake notesThe Reserve Bank today said it has withdrawn the instructions on compensation to banks at 25 per cent of the notional value of counterfeit ...
RBI to compensate banks 25 per cent of losses for reporting fake notesRBI will compensate banks 25 per cent of the losses for reporting of counterfeit bank notes of Rs 100 and above to it and other authorities.
- Reserve Bank to incentivise banks for reporting counterfeit notes
The existing penalty for non-detection and non-reporting of counterfeit notes by banks is also being revisited, the Governor said.
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.
- RBI's monetary policy review: Onus of checking fake currency notes on banks
The Reserve Bank of India will soon revise the procedure for authentication of currency notes by banks before it goes to customers.
- RBI to step up vigil to check counterfeiting at border branches
RBI plans to step up the war against counterfeiting of bank notes by strengthening the surveillance system at bank branches near internatio...
- Currency Capers: Forgers go for big notes
Anti-national elements seem to have changed their modus operandi as far as counterfeiting of currency is concerned.
- Fake notes through ATMs!
RBI has instructed banks to stock their ATMs with good quality genuine notes.