Man withdraws money from ATM, gets Rs 500 fake note of “Children Bank of India”

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Man withdraws money from ATM, gets Rs 500 fake note of
The fake currency notes of Rs 500 that were dispensed by an ATM of United Bank of India ATM in Bareilly city of Uttar Pradesh. -Image tweeted by ANI

The man gets rude shock after getting the fake currency note that comes with a promise of “sum of five hundred coupens” (coupons misspelt as coupens) to the “barer” (bearer misspelt)

The Hush Post: The striking resemblance of fake currency notes “issued” by the “Children Bank of India” with the real currency is so almost-perfect that these notes have even entered the country’s banking system. A man in Bareilly of Uttar Pradesh got the rude shock when after withdrawing money from an ATM machine he found that one of the Rs 500 currency notes was fake.

Ashok Pathak, a resident of Bareilly in Uttar Pradesh had withdrawn cash from an ATM and found that it included a fake Rs 500 note “issued by Children Bank of India”. Pathak had withdrawn Rs 4,500 from a United Bank of India ATM in the Subhash Nagar locality of Bareilly and found a fake Rs 500 note among the cash he got from the ATM machine, NDTV reported on Tuesday.

Man withdraws money from ATM, gets Rs 500 fake note of "Children Bank of India"
The fake currency notes of Rs 500 that were dispensed by an ATM of United Bank of India ATM in Bareilly city of Uttar Pradesh. -Image tweeted by ANI

The fake currency note looks so strikingly similar to the ones issued by the Reserve Bank of India, with the exception of a few details. In place of Reserve Bank of India, the fake Rs 500 note mentions “Children Bank of India”. The mark on bottom left is replaced with the text “Churan Lable”. The fake currency notes come with a promise of “sum of five hundred coupens” (coupons misspelled as coupens), not rupees, to the “barer” (bearer misspelt). In place of RBI governor the fake currency comes bearing a “PK” stamp.

Not only Pathak, some other persons also received fake currency notes from the same ATM

“I flashed the fake note in front of the ATM CCTV and informed some people. Another person named Pradeep Uttam walked in and withdrew Rs 2,000 from the ATM. I asked him to check the cash he had just withdrawn. There were two fake Rs 500 notes,” Pathak was quoted as saying by a news agency.

A third customer, Indra Kumar Shukla, withdrew money from the said ATM, he also got a fake Rs 500 note. A video of him withdrawing cash and getting a fake note that went viral on social media, the report said.

These three men have given a complaint to the branch manager of the concerned bank.

“We have submitted photocopies of the ATM receipt and the fake notes to the manager. The manager said they will take up the matter with higher authorities,” Pathak was quoted as saying.

Meanwhile the bank manager reportedly told The Times of India that the task of depositing cash in ATMs lies with third-party agencies and the bank does not perform this task itself.

“We checked all currency notes in the ATM on Monday and did not find any fake ones. I have sent a report to our head office in Calcutta to blacklist or take action against the agency, which is tasked with depositing cash at ATMs. They must have replaced some of the currency notes and it was an embarrassment for the bank,” the bank manager was quoted by TOI.

Last year alos, in two separate cases sometime after demonetisation, two Delhi ATMs dispensed fake notes of Rs 2,000.

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