There seems to be no stopping the circulation of fake currency in the market, especially the Rs 500 and 1,000 notes. Cops themselves admit that the amount of fake currency that is seized is minuscule in comparison to what is in circulation. And what is causing concern is that the jaali notes are surfacing even at bank ATMs and despite all the guidelines issued by the Reserve Bank of India, even the well-educated consumer is unable to detect a fake note with the naked eye.
“It is almost impossible for the common man to identify the counterfeit currency with the naked eye. The sure method of checking the genuineness of the note is by filtering it through UV light or passing it through cash checking machines,” Hyderabad task force additional DCP N Koti Reddy told TOI.
“Most of the high quality counterfeit currency is coming from a neighboring country via West Bengal. We are investigating a few cases and some have been transferred to the CID,” Hyderabad additional CP (crime) Swati Lakhra said. While the big denomination fake notes come from across the border, local gangs are pumping the market with fake Rs 100 and Rs 50 notes.