Kanpur, February 11: Fake Rs 500 notes were allegedly dispensed by an Axis Bank ATM at Marble Market located in Kanpur’s Kidwai Nagar on Saturday. The fake notes had 'Children Bank of India' printed on them instead of Reserve Bank of India. A close look at the counterfeited notes showed 'Children Bank of India' was printed on one side while ‘Churan label’ and ‘full of fun’ was also printed below. However, the local police has shut down the ATM and investigation is underway.

Sachin, one of the victim was quoted by ANI saying, “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”.

Kanpur ATM dispenses 2 fake Rs 500 notes (Image: ANI)

Meanwhile, SP South Kanpur said two people who withdrew money received one fake note each of Rs 500. “We came to know that two people had withdrawn Rs 20,000 and Rs 10,000 from the said ATM.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”, he said.

As per reports, the bank manager said a private company named CMS fills the cash in the ATM and their officials have been informed about the fake notes. However, the investigation is underway.  A similar incident was reported in February 2016 where fake notes were dispensed by a Delhi ATM. The fake notes read ‘Children Bank of India’ in place of the Reserve Bank of India and ‘Guaranteed by the Children’s Government’ in place of Guaranteed by the Central Government.

(The above story first appeared on LatestLY on Feb 11, 2018 03:40 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).