investcorpus.in > Latest News > Business News > Personal Finance > Counterfeit Crisis: India’s Vigilance Against High-Quality Fake ₹500 Notes
Counterfeit Crisis: India’s Vigilance Against High-Quality Fake ₹500 Notes
The Ministry of Home Affairs has issued a high-alert warning about the circulation of counterfeit ₹500 notes that closely mimic genuine currency. A subtle spelling error in “RESERVE BANK OF INDIA,” where “E” is replaced with “A,” serves as a key identifier for detection. Financial institutions and enforcement agencies have been urged to intensify scrutiny, while the public is advised to remain vigilant during cash transactions. This alert underscores the evolving sophistication of counterfeit operations and the importance of collective vigilance to safeguard India’s financial integrity.
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