Beware; Most Fake Notes are of Rs 2000 & Rs 500 Denominations

New Delhi: More than Rs 137 crore worth of fake currencies has been seized in India during the past three years. Most of these counterfeit currency notes are of Rs 2000 denomination. Apart from some small fake currency rackets within the country, the largest stocks of fake notes are smuggled into India from Pakistan.

According to Union Home Ministry data, fake notes worth Rs 137,96,17,270 crore were caught from 2019 to 2021. In 2021 around 3,10,066 lakh fake notes were seized, whose face value was Rs 20,39,27,660 crore.

Ministry of Home Affairs (MHA) has informed that fake notes of Rs 2000 and Rs 500 denominations were seized in large numbers during the past three years.

In 2021, the face value of seized fake notes of the Rs 2000 denomination was Rs 4,84,78,000 crore, while the seized notes of Rs 500 had a face value of Rs 12,57,99,000 crore.