The primary objective of introduction of polymer notes was to increase its life and not to combat counterfeiting.
A 50-year-old man was arrested in Sambhal, Uttar Pradesh, for possessing counterfeit Indian currency notes. Police recovered Rs 20,000 in fake currency and are investigating the source and any accomplices.
Punjab Police busted a fake currency module in Malerkotla, arresting four individuals and seizing counterfeit currency worth Rs 5.50 lakh.
Police in Udham Singh Nagar have arrested two individuals and seized a significant amount of fake currency, uncovering a sophisticated operation involving counterfeit notes.
The Reserve Bank of India (RBI) reported a 5.7 per cent increase in counterfeit currency notes detected in the banking system during 2025-26, with fake Rs 500 notes showing the sharpest rise, becoming the most detected denomination.
Indore police seized 566 bundles of fake Rs 500 notes from abandoned bags. Only 84 notes were genuine, with the rest being plain paper designed to resemble currency. An investigation is underway to determine the source and intended use of the fake notes.
Two men were arrested in Dakshina Kannada district, Karnataka, and counterfeit currency notes with a face value of Rs 2.38 lakh were seized from them, police said.
A Bank of Baroda employee in Ahmedabad has been arrested for allegedly stealing Rs 8.7 crore from an RBI currency chest and laundering the money into properties and cryptocurrency.
Delhi Police have arrested two men for allegedly defrauding a tour operator of Rs 1 lakh using fake currency notes under the guise of a currency exchange scheme.
Hamirpur Police arrested two individuals involved in a counterfeit currency racket after a shopkeeper was defrauded. The suspects, using fake Rs 200 notes to obtain genuine Rs 500 notes, were identified through CCTV footage and ITMS. Police recovered counterfeit notes and are investigating further.
Over Rs one lakh in currency notes damaged by termites was recovered from two suitcases in a college union room in Central Kolkata, prompting a police probe.
Ahmedabad police, while investigating a murder, uncovered a large fake currency racket, seizing counterfeit notes worth Rs 28.9 lakh and arresting five men and apprehending a minor. The investigation revealed that the murder victim was the kingpin of the operation, killed by his associates due to abuse. Police are now probing the circulation of the remaining fake notes.
A yoga teacher from Surat and six others have been arrested in Ahmedabad for circulating fake Indian currency notes (FICN). Police estimate they may have circulated Rs 10 to 12 lakh in counterfeit money.
The main accused in the Kerala Lottery Welfare Fund fraud case, Sangeeth, has claimed he burnt Rs 6 crore in cash, consisting of demonetised Rs 500 and Rs 1,000 notes, after being unable to use them. He is accused of embezzling Rs 14 crore from the welfare fund, prompting a forensic investigation.
Police in Thane, India, seized firearms, weapons, and counterfeit currency from the home of a known criminal, Surendra Pandurang Patil, during a raid.
The US Treasury Department is exploring the possibility of featuring Donald Trump's portrait on a new $250 note, pending congressional approval to amend the law that prohibits living individuals from being depicted on US currency.
"It has been decided to print banknotes based on plastic or polymer substrate. The process of procurement has been initiated," Minister of State for Finance Arjun Ram Meghwal said in a written reply in Lok Sabha to a query whether Reserve Bank of India proposes to print plastic currency notes in place of paper ones.
The Reserve Bank of India (RBI) is set to introduce polymer banknotes to address the rising demand for currency, improve durability, and reduce production costs, with a pilot project expected soon.
The Indian rupee is highly vulnerable among Asian currencies, with Barclays and MUFG warning of a potential depreciation towards 100/$ if the West Asia conflict persists, driven by widening current account deficits and elevated crude oil prices.
A special CBI court in Thane acquitted a former central government employee accused of accepting a bribe, citing insufficient proof of demand despite the recovery of currency notes.
Ahmedabad police have seized counterfeit Indian currency with a face value of 2.38 crore and arrested seven individuals, including a yoga teacher from Surat. The operation uncovered the use of AI and e-commerce platforms to produce and distribute the fake notes.
Police in Bahraich, Uttar Pradesh, have arrested four individuals involved in printing and circulating counterfeit currency. The suspects were apprehended with fake notes and a colour printer used in the operation.
Haryana health officials busted an alleged illegal sex determination operation at Aayu Hospital in Gurugram, leading to the arrest of a radiologist and the sealing of an ultrasound machine.
"If there is an image of Lakshmi-Ganesh on our currency (notes), our country will prosper. I will write to (the) prime minister in a day or two on this," he said at a media briefing.
Delhi Police busted a prostitution racket operating under the guise of a spa in Paharganj, arresting one man and rescuing five women after a decoy operation.
A woman head constable in Gurugram, Kavita, was arrested by the Anti-Corruption Bureau for allegedly accepting a bribe of Rs 50,000. She had demanded the money from two brothers to remove their names from a criminal case. The ACB laid a trap and caught her red-handed, registering a case under the Prevention of Corruption Act.
The RBI has shelved its plan for polymer notes more than a decade after it invited interest from global manufacturers for one billion pieces of Rs 10 denomination polymer banknotes, reveals Tamal Bandyopadhyay.
A government medical officer in Ratnagiri, Maharashtra, Dr Kanchan Shirish Madar, has been arrested by the Anti-Corruption Bureau (ACB) for allegedly demanding and accepting a bribe of Rs 4,500 from a pregnant woman for an abortion pill kit.
The main objective behind this exercise is to deal with the problem of soiled notes particularly in small denomination.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
Police in Sonbhadra, Uttar Pradesh, have arrested Rohit Singh, an associate of drug smuggler Prince Singh, who had previously escaped during an encounter. The investigation further led to the apprehension of two more individuals, Pintu Yadav and Satyapal, involved in cultivating and supplying opium and poppy husk from Jharkhand to Punjab. Authorities seized contraband worth Rs 58.75 lakh.
A joint operation by Nepal and West Bengal police has led to the arrest of seven individuals and the seizure of counterfeit currency worth approximately Rs 70 crore from a flat near Kolkata.
As the rupee weakens, wealthy families are accelerating investments in global assets.
The rupee has been among the The RBI uses the Iran-US peace deal to bolster its forex reserves.
A currency note with a star (*) symbol is identical to any other legal banknote, the Reserve Bank said on Thursday allaying concerns on the validity of such notes. The symbol is inserted in the number panel of a banknote that is used as replacement for defectively printed notes in a packet of 100 pieces of serially numbered banknotes, the RBI said.
Analysts predict that developments in US-Iran negotiations, fluctuations in crude oil prices, and key global economic data will be the primary drivers of gold and silver prices in the coming week, with a strong focus on talks in Switzerland.
With this the total number of suspensions in both Indian Security Press and CNP in connection with the fake stamp paper racket has gone up to seven.
A junior engineer and a driver from the Uttar Pradesh State Construction Corporation were arrested for accepting a bribe to clear a contractor's pending payment in Meerut.
Indian currency notes will soon bear the rupee symbol. It will also have extra security features.
