2015-16 : The Value of Fake Notes was Rs. 29.64 crore

2015-16 : The Value of These Fake Notes in 2015-16 was Rs. 29.64 crore

Of the 90.26 billion Indian currency notes in circulation in 2015-16, no more than0.63 million–that is 0.0007%, or seven-millionths of 1%, seven in every million–were detected as fake, according to RBI data. The value of these fake notes in 2015-16 was Rs 29.64 crore, which is 0.0018% of the Rs 16.41 lakh crore currency in circulation.

  

Counterfeit Currency Detected, 2015-16
Denomination	Counterfeit Notes	Notes in Circulation	Counterfeit (%)	Counterfeit Value	Total Value
2,5	2	11,626 million	0	Rs 7	Rs 4,069.1 crore
10	134	32,015 million	0	Rs 1,340	Rs 32,015 crore
20	96	4,924 million	0	Rs 1,920	Rs 9,848 crore
50	6453	3,890 million	0.0000017	Rs 322,650	Rs 19,450 crore
100	221447	15,778 million	0.000014	Rs 2.21 crore	Rs 1,57,780 crore
500	261695	15,707 million	0.0000167	Rs 13.09 crore	Rs 7,85,350 crore
1000	143099	6,326 million	0.0000226	Rs 14.31 crore	Rs 6,32,600 crore

Source:  Reserve Bank of India
Note: Assuming number of Rs 2 and Rs 5 notes to be equal

December 03, 2016