During 2022-23, out of the total Fake Indian Currency Notes (FICNs) detected in the banking sector, 4.6 per cent were detected at the Reserve Bank and 95.4 per cent at other banks, the report said.
The central bank reported 78,699 fake Rs 100 notes in the same year, and 27,258 fake Rs 200 notes.
The RBI registered 9,806 fake Rs 2000 notes in FY23. The central government, on May 19, announced that 2000 rupee notes will be withdrawn from circulation.
The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by Sept. 30, 2023.
Compared to the previous year, there was an increase of 8.4 per cent and 14.4 per cent in the counterfeit notes detected in the denominations of Rs 20 and Rs 500 (new design), respectively. The counterfeit notes detected in the denominations of Rs 10, Rs 100 and Rs 2000 declined by 11.6 per cent, 14.7 per cent and 27.9 per cent, respectively.
On the economic front, the report said India exhibited robust resilience in the previous fiscal, emerging among the fastest-growing economies among major nations. However, weakening consumption in the second half of FY23, subdued rural demand and sustained cost pressures remained a drag.