Circulation of Fake Currency Notes

National Crime Records Bureau (NCRB) has informed that the total number of Fake Indian Currency Notes (FICN) seized and recovered in the years 2009-10, 2010-11 and 2011-12 has been as follow:-

Period	Total No. of FICN	Total Value (Rs.)
2009-10	670631	26,81,54,186
2010-11	556970	24,76,78,200
2011-12	538502	26,50,16,311

In terms of the statistics provided by NCRB, as mentioned above, it is seen that the number of counterfeit notes detected in the country during the year 2011-12 was less than the year 2010-11.  However, the total value of these notes was more in the year 2011-12 than the year 2010-11.

The government has also constituted a Terror Funding and Fake Currency Cell (TFFC) in NIA in 2010 to focus on investigation of Terror Funding and Fake Currency Cases.  Reserve Bank of India (RBI) has also strengthened the mechanism for detection of counterfeit notes by the banks

             This was stated by the Minister of State for Finance, Shri Namo Narain Meena in written reply to a question in the  Rajya  Sabha today.

Source : PIB