The Ministry of Home Affairs (MHA) has issued a high-priority alert warning citizens and authorities about a surge in fake ₹500 currency notes circulating in the market. This calls for a check in your wallet, whether you are carrying a counterfeited or fake ₹500 note.
According per news reports, alerts have been issued to key financial and regulatory institutions—including the Directorate of Revenue Intelligence (DRI), Financial Intelligence Unit (FIU), Central Bureau of Investigation (CBI), National Investigation Agency (NIA), Securities and Exchange Board of India (SEBI), and various banks.
The counterfeit notes are reportedly very close in appearance and texture to genuine ones, making them difficult to spot, even for trained personnel.
As per news reports, the forged ₹500 note are similar to real ones in terms of ink colour and letter design. However, there’s one notable flaw: the spelling of “Reserve Bank of India” is incorrect. The fakes read “Resarve Bank of India”—with an “a” replacing the “e”.
Also Read: Indian Rupee Climbs as Investors Brace for US Retail Sales, Fed Talk
The dimensions of the ₹500 note are 66 mm x 150 mm.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Published on: Apr 22, 2025, 9:59 AM IST
Sachin Gupta
Sachin Gupta is a Content Writer with 6+ years of experience in the stock market, including global markets like the US, Canada, and Australia. At Angel One, Sachin specialises in creating financial content that simplifies complex market trends. Sachin holds a Master's in Commerce, specialising in Economics.
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