SBI ATM dispenses fake Rs 2000 notes bearing 'Churan lable' from 'Children Bank of India'

Feb 23, 2017, 06:00 IST | mid-day online correspondent

Rs 2000 note

A State Bank of India (SBI) ATM in south Delhi dispensed the fake notes of Rs 2000 with 'Children Bank of India' printed in place of Reserve Bank of India.

The notes also had glaring discrepancies including the words 'Churan lable', a 'PK' logo and '000000' serial number. It also read "Guaranteed by the Children's Government" printed in place of "Guaranteed by the Central Government".

ATM dispenses fake Rs 2000 notes bearing 'Churan label'Spot the difference. Pic/Twitter

The matter was reported by Rohit, a customer care executive, who got the notes and reported the matter to the police. Rohit, a customer care executive who got the notes, reported the matter to the police. In his complaint, Rohit said he tried to withdraw Rs 8,000 at around 7.45 p.m. from the ATM at the T-Point at Tigri in Sangam Vihar but all the four 2,000 rupee notes turned out to be fake.

On Wednesday, Delhi Chief Minister Arvind Kejriwal slammed Prime Minister Narendra Modi for the fake currency.

After informing the ATM guard posted there, he made an official complaint to the police which sent a sub-inspector to the ATM.

The sub-inspector withdrew another 2,000 rupee note from the ATM which too turned out to be similarly fake, after which the police registered an FIR.

Also Read: Mumbai: 24-year-old tries to buy beer with xeroxed Rs 2,000 note

A case of cheating and related offences has been filed against unknown persons under sections 489-b, 489-e and 420 of the Indian Penal Code, the police said.

Experts say it is possible for an ATM to dispense even a simple sheet of paper if its size is the same as the currency notes.

"Technically, yes. ATMs are not equipped to read the security features of notes. Only the size needs to be the same," K. Srinivas, Managing Director BTI Payments, an RBI-licensed firm that operates cash dispensers not owned and managed by banks.

Also Read: Mumbai auto-driver cons actress with fake Rs 100 note; internet goes LOL

Additional Deputy Commissioner of Police Rajiv Ranjan Singh said that the vendor who supplied the cash to the ATM and the persons who inserted the fake notes had been identified.

Asked why no arrest had been made so far, Singh said: "The case is still a matter of investigation. The moment everything is done, arrests shall take place."

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Twitterati mocked the system and government for this goof up. Here's what they had to say.

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