I'm fortunate that, as far as I know, I've never received fake Indian currency. However, some of my friends haven't been so lucky. One friend has even received a fake 1,000 rupee note, from an ATM at a bank, on more than one occasion.† It's shocking, but it shows how big a problem fake currency is in India.
According to this news report, there has been a 400% increase in counterfeit transactions in India, yet many banks don't have fake currency detector machines.
In order to spread awareness about the problem, the Reserve Bank of India recently launched a website explaining ways to detect counterfeit notes. Find out more, including why the problem of counterfeit currency is so huge, in this article about fake Indian currency and how to spot it.
Have you received fake Indian currency? Tell us about your experience here.
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