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Fake Currency Worth Rs 11.23 Crore Detected: Arun Jaitley

न्यूज़ वर्ल्ड इंडिया | 0
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| July 19 , 2017 , 10:39 IST

Arun Jaitley the Finance Minister of India on Tuesday said that fake currency worth Rs. 11.23 crore has been detected since demonetisation.

Data available from the National Crime Records Bureau (NCRB) indicates that 1.58 lakh notes of fake currency, having a face value of Rs. 11.23 crore, have been detected in 29 states post demonetisation until July 14, Jaitley said in a written reply to the Rajya Sabha.

RBI has launched an app which helps the users to identify the features of Mahatma Gandhi (New) Series Rs. 500 and 2,000 notes to check their authenticity.

The app can be downloaded from the Play Store/App Store in Android/iPhone respectively.

Also Read: Self-Help Groups Can Create Jobs With Banks' Funds: Jaitley

The Finance Minister also said that bank notes with writing on them are treated as soiled notes and can be deposited in bank accounts or exchanged at any bank branch.

Jaitley also said banks are under instruction to display design and security features of all the bank notes prominently at the branches for information of the public.