Fake Rs 500 notes surge 20% as counterfeits rise across banking system

Fake currency detection in India increased in 2025-26. The Rs 500 note became the primary target for counterfeiters, showing a significant rise in fake detections. This trend contrasts with the decline in fake Rs 2,000 notes. Detection at commercial banks improved, indicating stronger frontline capabilities. The RBI is enhancing security features on banknotes.