Security Printing Ineffective! Fake notes of 500 and 2000 increasing day by day, disclosed in RBI report

Fake notes of Rs 500 and Rs 2000 are on the rise (indicative picture)

In the last financial year, the number of counterfeit notes of all types was 2,08,625, which increased to 2,30,971 in this 2021-22. The total number of counterfeit notes during the year 2019-20 was 2,96,695. That is, there was a decrease in it for a year in the middle, but after that a big increase has been registered.

fake currency or Fake note ,Fake Currency Note) Shocking information has come to the fore in the annual report of the Reserve Bank. It has been said in the report that there has been a double jump in counterfeit notes of Rs 500 as compared to last year. In the financial year 2021-22, 79,669 fake 500 notes were caught in the banking system, which is more than double the previous year. Same was the case with 2000 rupee note. In the year 2021-22, the number of fake notes of 2000 rupees was 13,604, which is 54.6 percent more than the previous year. Report (RBI Annual ReportIt has also come to the fore that people use the maximum Rs 500 note, while the least 2000 rupee note is used. The printing of 2000 rupee note has also reduced earlier because there is a decrease in its demand.

RBI’s annual report says that the number of counterfeit notes had seen a decline in the year 2020-21, but this number increased in 2021-22. In the last financial year, the number of counterfeit notes of all types was 2,08,625, which increased to 2,30,971 in this 2021-22. The total number of counterfeit notes during the year 2019-20 was 2,96,695. That is, there was a decrease in it for a year in the middle, but after that a big increase has been registered.

What does RBI report say?

According to the Reserve Bank report, compared to the previous year, the counterfeit notes detected in the denominations of Rs 10, Rs 20, Rs 200 and Rs 2000 saw an increase of 16.4 per cent, 16.5 per cent, 11.7 per cent, 101.9 per cent and 54.6 per cent respectively. Went. On the other hand, there has been a big drop in the fake notes of 50 and 100. There has been a decrease of 28.7 percent in fake notes of 50 and 16.7 percent in fake notes of 100.

Of all the fake notes caught during the financial year 2021-22, the Reserve Bank caught 6.9 percent and 93.1% in other banks of the country. The real reason for demonetisation in the year 2016 was to get the fake notes out of the system. That is why 500 and 1000 rupee notes were discontinued. After that the Reserve Bank issued new notes with maximum security features. Despite this, the increase in fake notes remains a cause of concern for the Reserve Bank. The Reserve Bank takes many necessary steps to make the notes safe and prevent counterfeit notes from entering the market.

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Security printing also ineffective

A report said that the Reserve Bank has spent Rs 4,984.8 crore from April 1, 2021 to March 31, 2022 on security printing of notes. Just a year before this, i.e. from July 1, 2020 to March 31, 2021, Rs 4,012.1 crore was spent on security printing. Despite taking all measures related to security, counterfeit notes are not being stopped. This information has come out in the annual report of RBI. Fake notes of 500 and 2000 are being seen faster than before. Also, the disposal of mutilated or soiled notes increased by 88.4 per cent to 1,878.01 crore during 2021-22 from 997.02 crore in the previous year.