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Government Of India
Ministry of Home Affairs
(17-December, 2014 15:43 IST )

Fake Indian Currency Notes


As per the statistical data maintained by the National Crime Record Bureau (NCRB), the total number of counterfeit currency (recovered and seized) and the face value thereof during the last five years i

As per the statistical data maintained by the National Crime Record Bureau (NCRB), the total number of counterfeit currency (recovered and seized) and the face value thereof during the last five years i.e.  2010, 2011, 2012, 2013 and the current year up to  September 30, 2014 is as under:-

 

SL. No

Year

Total Number of Notes(seized & recovered)

Face value of FICN (seized & recovered)

1.

2010

549642

24.00 Crores

2

2011

601219

27.09 Crores

3.

2012

927789

46.24 Crores

4.

2013

847184

42.91 Crores

5.

2014 (Up to September-2014)

610662

30.88 Crores

 

Looking at the multidimensional aspects of the Fake Indian Currency Notes (FICN) menace, several agencies such as, the RBI, the Ministry of Finance, the Ministry of Home Affairs, Security and Intelligence agencies of the Centre and States and CBI are working in tandem to thwart the illegal activities related to FICNs. However, there is no reliable estimate of Fake Indian Currency Notes (FICN) in India.

 

A special FICN Co-ordination (FCORD) Group has been formed by the MHA to share the intelligence/information amongst the different security agencies of State/Centre to counter the menace of circulation of Fake Currency Notes in the country. 

 

The Central Bureau of Investigation (CBI) & National Investigation Agency (NIA) are the central agencies for investigation of FICN cases. The Government has also constituted a Terror Funding & Fake Currency Cell (TFFC) in NIA to investigate Terror Funding and Fake Currency cases. 

 

 The legal regime has been strengthened by  amendments in the Unlawful Activities (Prevention) Act, 1967( UAPA) wherein the damage to the monetary stability of India by way of production or smuggling or circulation of High Quality Fake Indian Paper currency, coin or any other material has been declared as “terrorist” act.

 

The Reserve Bank of India has initiated several measures including augmenting security features on the bank notes so as to render counterfeiting difficult and expensive and running education campaigns for members of public and cash handlers so as to facilitate detection of counterfeits.

 

This was stated by the Minister of State for Home Affairs Shri Haribhai Parathibhai Chaudhary  in a written reply to Shri Rajeev Shukla in the Rajya Sabha today.

 

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KSD/YKB/BK/PK/RS


 

 


(Release ID :113525)
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