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Financial frauds declined by 46.7 per cent during 2023-24: RBI annual report

Financial frauds declined by 46.7 per cent during 2023-24: RBI annual report
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Rs 500 and Rs 1000 notes banned: Your questions answered by the RBI

Why this scheme? The incidence of fake Indian currency notes in higher denomination has increased. For ordinary persons, the fake notes look similar to genuine notes, even though no security feature has been copied. The fake notes are used for antinational and illegal activities. High denomination notes have been misused by terrorists and for hoarding ....

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