RBI withdraws banks' 25% compensation for detecting fake notes

The Reserve Bank on Thursday said it has withdrawn the instructions on compensation to banks at 25 per cent of the notional value of counterfeit notes detected.

Mere possession of fake notes can't be termed as offence: Bombay HC

 Observing that mere possession of counterfeit notes cannot be termed as an offence and prosecution is required to prove that the person had knowledge that the notes were fake, the Bombay High Court has set aside the conviction and five year sentence awarded to a man.

Four from WB held for possessing fake notes

 Four persons, hailing from West Bengal, were on Tuesday arrested here and fake Indian currency notes were allegedly seized from their possession, police said.

Fake notes with face value of Rs 59 lakh seized in 3 yrs: Sinha

Government has seized fake currency notes having a face value of Rs 59.83 lakh which has linkage to Pakistan in three fiscal years to FY 2015, Parliament was informed on Tuesday.

Fake currency with Rs 20,000 face value in cash sent to RBI

The cash deposited by customers should also carry the account number of the depositor.

Man nabbed with Rs 10 lakh worth fake notes in Bihar

A man was arrested Wednesday in Bihar with fake currency notes of the face value of Rs 10 lakh while two of his associates escaped, police said.

Man arrested with fake notes

Fake Indian notes with face value of Rs 5 lakh were seized from a man coming from Bangladesh at the border village of Mahadipur in Malda district, police said today.

ICICI reports deposit of fake currency notes over several years

Country's largest private sector bank ICICI Bank has lodged an FIR in a city police station alleging fake currency notes with a face value Rs 10 crore were deposited in its different branches in the past several years.

UP Police to deploy personnel at all currency chests in state

Uttar Pradesh Police on Tuesday agreed to provide security personnel at banks` currency chests and set up nodal police stations in every district to lodge FIR in matters related to fake currency notes.

Suspected IM linkman held with fake notes

A person, suspected to be a linkman of the Indian Mujahideen (IM), was arrested on Thursday with counterfeit notes by a Special Task Force team, police said.

BSF, NIA seize fake notes of Rs 10 lakh face value

The Border Security Force and the National Investigation Agency seized fake Indian currency notes valued Rs 10 lakh and also arrested a racketeer.

Banks deposit fake notes at Parliament St police station

Fake currency notes, whose face value runs into crores, have been deposited by various banks at Parliament Street Police Station from January to August this year, police said.

Smuggler held with fake notes in Bihar

A person was arrested on Tuesday with fake Indian currency notes with a face value of Rs 10 lakh from from a village on Muzaffarpur-Sitamarhi Road in Bihar`s Sitamarhi district, an SSB official said.

Two Hyderabad students arrested with fake notes

Two students were on Monday arrested for allegedly preparing and circulating fake currency notes, police said today.

Private banks detect maximum fake notes: Finance ministry

Private banks operating in the country have detected and processed the maximum number of counterfeit currency instances in banking channels surpassing both public sector and foreign banks by a huge margin, an official report of the Finance Ministry has said.

Fake notes of face value of Rs 4 lakh seized in UP

The Directorate of Revenue Intelligence (DRI) sleuths Saturday arrested a smuggler with the Fake Indian Currency Notes (FICN).

Steps being taken to deal with fake currency: Chidambaram

Fake currency supplied from across the border is a problem and steps are being taken to deal with it, Finance Minister P Chidambaram said Thursday.

Concern in LS over ATMs dispensing fake notes

Concern was expressed over growing instances of counterfeit notes being dispensed by ATMs.

Another cache of fake notes seized by Guj police

In a span of 10 days, Gujarat police have seized another big cache of fake Indian currency notes.

Delhi: Fake currency racket busted, six arrested

Delhi Police on Saturday claimed to have smashed a fake currency racket here after arresting six persons, including four women, allegedly with counterfeit notes having a face value of Rs 1.92 lakh.