Residents of Bareilly had a weird experience when United Bank of India ATM, installed at Subhashnagar area of the city, was reportedly dispensing fake Rs 500 notes. The report came in the wake of the recent cash crunch wherein ATMs ran dry in several parts of the country.
The notes looked exactly the same as the original Rs 500 notes which are issued by the RBI but had ‘Churan Lable’, ‘Children Bank of India’, and ‘Bhartiya Manoranjan Bank’ written over them.
According to a report on news18.com, three people experienced the issue who came to withdraw money from the ATM. The news website even shared the video:
Money in ATMs is stashed by the cash management firms who deploy their employees to refill the machines. But the incident has raised some serious doubts over the government’s claims of curbing the circulation of fake notes.
This is not the first time when a news of ATM dispensing fake currency grabbed headlines. Earlier this year, fake notes of Rs 500 were dispensed from Axis Bank ATM in Kanpur.
Kanpur: An Axis Bank ATM located in Marble Market dispensed fake currency notes with ‘Children Bank of India’ printed on them. pic.twitter.com/fu7D2QbZtB
— ANI UP (@ANINewsUP) February 11, 2018
Also, in February 2017, an SBI ATM in south Delhi was in news for dispensing fake Rs 2,000 notes with ‘Children Bank of India’ printed on it, while in January 2017, farmers in a Madhya Pradesh village received Rs 2,000 notes that didn’t have the image of Mahatma Gandhi on them.
Sheopur (Madhya Pradesh): Farmer receives Rs 2000 notes from SBI Bank without Mahatma Gandhi’s image pic.twitter.com/To8yiFIFxq
— ANI (@ANI) January 5, 2017