Banks deposit fake notes at Parliament St police station

Last Updated: Tuesday, September 3, 2013 - 22:12

New Delhi: Fake currency notes, whose face value runs into crores, have been deposited by various banks at Parliament Street Police Station from January to August this year, police said on Tuesday.

According to police, these fake currencies have been deposited by several banks following Reserve Bank of India`s (RBI) order last November to deposit fake currencies with the police.

"Parliament Street police station has been made the nodal police station by RBI to register cases of Fake Currency Indian Notes (FICN), so various banks from time to time deposit such counterfeit currency with us. It is not possible to give an exact figure but the amount is in crores," said a senior police official.

These notes will now be sent to Nashik in Maharashtra for further examination after which they will be returned back to respective banks. The notes will then be kept with them by the banks for three years, thereafter RBI will destroy the stock, said a police official.

RBI`s directive to deposit fake notes with the police has been aimed at reducing the flow of such notes in the market.

Recently, arrested LeT terrorist Abdul Karim Tunda told police that majority of such fake currencies are routed to India from Pakistan via Bangladesh and Nepal.

PTI



First Published: Tuesday, September 3, 2013 - 22:12

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