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COUNTERFEIT DETECTION
Issues related to illegal, forcible border crossings discussed during India-Bangladesh talks: BSFIndia and Bangladesh border guards met in New Delhi to address critical issues. Discussions focused on preventing border crimes, including ...
Philip Morris India calls for stronger enforcement and collaboration to disrupt illicit tobacco ecosystemAs per the Tobacco Institute of India (TII), in India, illicit cigarettes represent nearly one-fourth of the domestic market, with estimate...
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 ...
Genuinely crack down on fakesIn India, the battle against counterfeit products is ever-present, with one in three urban consumers facing this issue daily. As regulators...
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...
Decoding SAFU: The structural integrity checks every cryptocurrency exchange must passAs India's digital asset market matures, investors prioritize counterparty risk and verifiable institutional standards. The article outline...
Counterfeit Mounjaro case: Eli Lilly issues statement after Gurugram drug racket exposedGurugram's law enforcement has taken a bold step by breaking up a ring creating counterfeit Mounjaro injections, with two individuals now i...
If neither black money nor counterfeiting were curbed, what did demonetisation achieve, asks CongressThe Congress on Friday claimed that counterfeit notes have become prevalent once again, labeling the government's claims of a reduction in ...
5 Cash Counting Machines for efficient cash managementManaging cash efficiently is crucial for businesses of all sizes. To streamline this process and ensure accuracy, cash counting machines ha...
Rs 2,000 note withdrawn from circulation: If bank finds your note to be fake this is what will happenRBI has instructed all banks to follow the central bank's master direction on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.
US invites India to visit fake currency detection unit: GovtThe US has invited a team of Indian officials to visit its facilities related to detection of counterfeit currency and offered to train off...
- 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...
- Rs 5.5 crore of fake notes in circulation
According to data released by the RBI, the value of fake notes detected in the year stood at Rs 5.5 crore compared with last year’s Rs 2.31...