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After 8 years of Old Currency Notes of Rs 500 & Rs 1000 seized from Vadodara

Even after 8 years of demonetisation in India, old currency notes of Rs 500 and Rs 1000 are still being traded at 10–15% of their face value. A land broker involved in selling demonetised currency was arrested by the LCB Zone-3 team Vadodara, along with 4 others. The team seized 10,540 currency notes worth ₹78.40 […]

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Surat SOG busted fake Rs 500 currency notes racket

Today Surat City SOG has successfully cracked down on counterfeit currency in the Puna Gam area.Police have seized fake notes worth ₹9,000 in denominations of ₹500. While exchanging notes at a vegetable market and pan parlor,  SOG team arrested Vijay Chauhan and Suresh Lathidia, who were working in Catering service. Surat SOG team seized cash […]

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Rs 2,000 notes withdrawn from circulation as per RBI; notes must be exchanged before September 30, 2023

RBI Reserve Bank of India has decided to withdraw Rs 2,000 currency notes from circulation. However, the notes will continue as legal tender, the central bank said in a circular on Friday. The RBI has advised banks to stop issuing Rs 2,000 currency notes with immediate effect. In a circular, the central bank said that […]

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57 % fake notes of Rs 2000 seized in Gujarat says NCRB report

As per latest NCRB National Crime Records Bureau  report  Rs 2,000 bank notes comprised 56 % of all fake currency seized in India after demonetization. The report titled ‘Crime in India’ indicates that in 2017 and 2018, law enforcing agencies seized Fake India Currency Note (FICN) worth Rs 46.06 crores. Analysis of 2 NCRB reports […]