Agra man arrested for depositing fake Rs 2000 notes at bank

The man deposited a sum of Rs 2.85 crore at a State Bank of India branch in Agra, out of which 13 Rs 2,000 notes were counterfeit.

The son of a bullion dealer in Agra was arrested on Tuesday after he deposited counterfeit Rs 2,000 currency notes at the State Bank of India (SBI) branch in Agra. He deposited a sum of Rs 2.85 crore out of which 13 Rs 2,000 notes were counterfeit. The bank manager alerted the authorities and the man was arrested.

The bank’s manager, Pradeep Kumar Kardam, said the same man came to the bank two days earlier to deposit cash and they later found three counterfeit Rs 2,000 notes.

Last week, the Reserve Bank of India announced the withdrawal of Rs 2,000 notes from circulation. The central bank said the notes will continue as legal tender.

In a circular, the central bank said that all Rs 2,000 currency notes must be exchanged before September 30, 2023. All banks were asked to provide deposit or exchange facilities for Rs 2,000 banknotes till September 30.

The process to exchange or deposit Rs 2,000 notes started on May 23 with people standing in long queues outside banks across the country.