<h1>RBI Detects Over 700,000 Fake Currency Notes; Agencies Collaborate to Combat Counterfeiting from 2010 to 2011.</h1> The Reserve Bank of India reported the detection of fake currency notes in the banking system from April 2010 to September 2011, with a total of 435,607 pieces detected in the first year and 264,282 in the following six months. Various agencies, including the RBI, Ministry of Finance, and Central Bureau of Investigation, are collaborating to combat the issue. A special coordination group and a Terror Funding and Fake Currency Cell have been established, with the National Investigation Agency authorized to investigate related offenses. Security features of high-value notes are being upgraded, and banks' detection mechanisms are strengthened.