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Fake Rs 500 notes of ‘Children Bank of India’ dispensed from ATM in Kanpur

The notes read ‘Children Bank of India’ in place of Reserve Bank of India and ‘Guaranteed by the Children’s Bank’ in place of Guaranteed by the Central Government.

Reported by: India TV News Desk, Kanpur [ Published on: February 11, 2018 14:11 IST ]
Fake Rs 500 note
Fake Rs 500 note

Two men who had gone to withdraw cash from an ATM of Axis Bank in Kanpur's Marble Market suffered a jolt when the machine dispensed fake Rs 500 notes with "Children Bank of India" printed on them.

The notes, dispensed on February 10, read ‘Children Bank of India’ in place of Reserve Bank of India and ‘Guaranteed by the Children’s Bank’ in place of Guaranteed by the Central Government. 

‘Churan lable’ in place of the latent image and a fake ‘GS’ logo instead of the bank’s seal, are among some of the other deviations on the note.

One of the persons who got a fake note, immediately reported the matter to the ATM guard who took a note of it. 

Confirming the development, a police officer said that two persons received fake Rs 500 note each dispensed by the Axis Bank ATM.

"We came to know that two people had withdrawn Rs 20,000 and Rs 10,000 from the said ATM. They received 1 note each of Rs 500 with Children's Bank printed on that. The ATM has been shut down. Investigation is underway," SP South said.

However, Sachin, one of the men who received the fake Rs 500 note said that he has been told his notes would be changed on Monday

"I came to withdraw Rs 10,000. One of the notes dispensed had 'Children Bank' printed on it. We complained to the ATM guard who noted it down in his register. We are being told that the action will be taken & our notes would be changed on Monday," said Sachin.

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