Detection of fake currency has risen 4,000% in 8 years
Instances of detecting counterfeit currency in India's banking channels have increased by over 4,000% in eight years, according to latest government data. The number of such reports increased from just 8,580 in 2007-08 to 3,53,837 in 2014-15. Further, data from 2010-11 to 2014-15 showed that majority of these reports were filed by private Indian banks.