Counterfeit Banknote Detections in India in FY 2012

In the 2011-2012 Fiscal Year, the Reserve Bank of India detected 521,155 counterfeit banknotes in India. The number of detects was 20 percent higher than the 436,607 counterfeit notes detected in the 2010-2011 Fiscal Year.

93 percent of the counterfeits were detected in bank branches.

(Additional counterfeit money detection rates and information.)

Source:  Sachin Kumar, “20% rise in fake notes in a year, says RBI,” Hindustan Times, August 26, 2012.