Fake currency with Rs 20,000 face value in cash sent to RBI

Madurai: Fake currency notes in denominations of Rs 1,000 and Rs 500 with a face value of Rs 20,000 have been detected in cash sent from nationalised banks to the Reserve Bank of India's zonal office here, police said.

They said the currency was found among the bundles of cash sent to RBI's zonal office over the last few months.

Police said they had advised bank officials to use equipment to detect fake currency and also maintain a log whenever suspected notes were received from customers by mentioning the Savings Bank account numbers.

The cash deposited by customers should also carry the account number of the depositor.