Banks still finding fakes among demonetised notes

Ahmedabad | Thursday | 19th July, 2018

Summary:

AHMEDABAD: More than a year and a half years after demonetization of high-value currency notes was announced on November 8, 2016, banks are still counting these old notes and counterfeits of the old Rs 1,000 and Rs 500 notes are still being thrown up.Surprisingly, banks are also finding ‘Children Bank’ notes and counterfeits of the new Rs 2,000 and Rs 500 currency notes. Some 347 counterfeit notes of Rs 1,000 and 600 Rs 500 notes were found at 16 banks,” added a senior SOG official. According to the FIR, among new currency notes, banks found 189 counterfeits of Rs 2,000 and 190 of Rs 500 denominations. Banks must be vigilant enough to identify fake currency notes when they are being deposited. This will help us to catch the accused,” added an SOG official..