Fake notes in banking system jumped 20% in 2016-17: RBI
The number of fake notes in the banking system jumped by 20.4% to 7.62 lakh during 2016-17 compared to the previous financial year, the RBI said in its annual report on Wednesday. Except the â¹100 category, the number of fake notes increased across denominations, notably in â¹500 and â¹1,000, the report added.