500 fake notes, after 2000, now from 500 rupees note has increased RBI’s difficulty, revealed in annual report – after 2000 notes 500 fake notes is new trouble for rbi

500 rupee note increased the problem

Apart from Rs 500 notes, fake Rs 2000 notes were also seized. The number of fake Rs 2000 notes decreased by 28% to 9,806 notes. Apart from notes of 500 and 2000 rupees, fake notes of 100, 50, 20, 10 rupees have been caught. According to the annual report of RBI, the total number of counterfeit notes detected in the banking sector stood at 2,25,769. While last year 2,30,971 fake notes were found. This year, apart from Rs 500, fake notes of Rs 20 have also increased. Fake notes of Rs 20 increased by 8.4% in the financial year 2022-23. While fake notes of Rs 20 have increased, on the other hand fake notes of Rs 10, Rs 100 and Rs 2000 have declined. According to the RBI report, the number of fake notes of Rs 10 fell by 11.6 per cent, fake notes of Rs 100 declined by 14.7 per cent, while fake notes of Rs 2000 declined by 27.9 per cent.

How much does it cost to print notes

Apart from fake notes, RBI has given full details of printing on notes in its annual report. RBI has spent Rs 4,682.80 crore for printing notes in the financial year 2022-23. Last year it was Rs 4,984.80 crore. If we talk about circulation, then Rs 10 and Rs 500 notes run in maximum circulation. By volume till March 31, 2023, 37.9 per cent of the country’s total currency circulation is 500 notes. After this, the share of Rs 10 note is 19.2 per cent.

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