Lok Sabha Question No. 202 (UNSTARRED), answered on 2017-12-15
Subject: Fake Currencies Seized by Banks
Ministry: FINANCE
Asked by: SUSHIL KUMAR SINGH

## GOVERNMENT OF INDIA MINISTRY OF FINANCE

## DEPARTMENT OF ECONOMIC AFFAIRS

## LOK SABHA

UNSTARRED QUESTION NO. 202

TO BE ANSWERED ON 15 th  DECEMBER, 2017/24 TH  AGRAYAHANA SAKA, 1939

## Fake Currencies Seized by Banks

## 202. SHRI SUSHIL KUMAR SINGH

## QUESTION

## Will the Minister of FINANCE be pleased to state:

- (a) whether the cases of circulation of fake currencies in many States/UTs have come to light and the same has been seized by various banks in the country bank, States/UTs-wise;
- (b) if so, the details thereof;
- (c) the total number of such cases reported during the last three years 1`and the current year in the country; and
- (d) the corrective steps taken by the Government in this regard?

## ANSWER

## MINISTER OF STATE IN THE MINISTRY OF FINANCE (SHRI P. RADHAKRISHNAN)

(a) to (c): The data available from the National Crime Records Bureau in respect of Fake Indian Currency Notes (FICNs) is as under:

| FICNs Recovered by different bank branches and Seized by Police and information received from State Crime Record Bureaus   | FICNs Recovered by different bank branches and Seized by Police and information received from State Crime Record Bureaus   |
|----------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------|
| Year                                                                                                                       | No. of FICN                                                                                                                |
| 2015                                                                                                                       | 894107                                                                                                                     |
| 2016                                                                                                                       | 984578                                                                                                                     |
| 2017 (upto 30.11.2017)                                                                                                     | 773408                                                                                                                     |

- (d): Incorporating new security features/designs in the banknotes to stay ahead of the counterfeiters is an ongoing process. The security features are strengthened from time to time to enhance the counterfeit resistance of the notes.

To check the menace of counterfeiting of banknotes, the Ministry of Finance, Ministry of Home Affairs, Reserve  Bank of  India,  Security  and  Intelligence  Agencies  of  the  Centre and  States  are  working  in  tandem  to  thwart  the  illegal  activities  related  to  Fake  Indian Currency Note (FICN). An FICN Coordination Group (FCORD) has been formed in the Ministry of Home Affairs to share the intelligence/ information amongst different security agencies of Centre/States to counter the menace to effect more seizures. The issue has also been raised in International multilateral fora constantly.

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