Your Rs 500 note could be fake! The number of fake notes in circulation for the popular Rs 500 denomination has risen a 101% over the last one year as per a report from the RBI. But it is not just Rs 500 even fake notes of Rs 2,000 increased by 55% in 2021-22 over the previous fiscal year.
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Here is how you can check if your note is fake or real as the RBI has put put clear indicators.
For more details on how to check for fake notes, you can log onto the RBI's website
After falling in 2020-21, counterfeit notes recorded a 10.7 per cent uptick in 2021-22.According to the RBI report, counterfeit notes of all denominations have increased in the financial year 2021-22