The number of fake currency note of ₹500 denomination detected by the banking system more than doubled to 79,669 pieces in the fiscal 2021-22 over the previous year, according to the RBI annual report.
The number of counterfeit notes of ₹2,000 denomination detected in the system was 13,604 pieces during 2021-22, up 54.6% from the preceding financial year.
After declining in 2020-21, the total number of Fake Indian Currency Notes (FICNs) of all denominations detected in the banking sector increased to 2,30,971 pieces from 2,08,625 pieces in the previous fiscal. During 2019-20, the FICNs detected stood at 2,96,695 pieces.
