Axis Bank ATM Dispenses 'Children Bank Of India' Fake Currency In Kanpur

| February 11 , 2018 , 15:50 IST

A shocking incident has been reported from Kanpur, where the ATM of Axis Bank dispensed fake currency notes of Rs 500 with “Children Bank of India” printed on them.

‘Churan label’ in place of the latent image and a fake ‘GS’ logo instead of the bank’s seal, are among some of the other differences found on the currency.

Sachin, the person who used the ATM reported, “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 and our notes would be changed on Monday,”

Confirming the incident, South Kanpur Superintendent of Police said, “We came to know that two people had withdrawn Rs 20,000 and Rs 10,000 from the said ATM. They received one note each of Rs 500 with Children's Bank printed on that. The ATM has been shut down and the investigation is underway.”

Since demonetisation, there have been multiple cases of ATMs dispensing such notes. In February 2017, an SBI ATM in south Delhi grabbed headlines for dispensing fake Rs 2,000 notes with ‘Children Bank of India’ printed on it.