This is the latest WTF! moment in the history of demonetisation in India –  a fake currency note of Rs 2000 found in the country’s prestigious nationalised bank, State of India! The image of this Rs 2000 fake pink note has gone viral. Looking at it, we can see why it was easy for the people withdrawing money from the said SBI automated teller machine or ATM to spot it – this particular pink note of Rs 2000 is not only lighter in colour, it also has the bank’s name engraved as ‘Children Bank of India’ in English and ‘Bharatiya Manoranjan Bank’ in Hindi! But some of the fake notes of Rs 500 and Rs 2000 denomination that are in circulation in the country are not so easy to detect, as they have been either photocopied in colour or forfeited through high-end printing machines.

When Prime Minister Narendra Modi announced the demonetisation of old currency notes of Rs 500 and Rs 1000, making them illegal tender since the midnight of November 8, 2016, one of the reasons given by the government for the drive were that counterfeit notes will no longer be in circulation as the real ones itself were banned. But it seems the one who wants to fake it will do it anyway! So the latest fake notes of Rs 2000 were being dispensed by an SBI ATM at Sangam Vihar in New Delhi, according to a report in Hindustan Times. Apart from ‘Children Bank of India’ in English and ‘Bharatiya Manoranjan Bank’ in Hindi, the note also reads ‘Churan Label’ on the side. It also has ‘Guaranteed by the Children’s Government’ instead of Guaranteed by the Central Government written on it.

Apparently, Rohit, the man who happened to withdraw the notes from the SBI ATM said that the “note felt like plastic”. Well, that’s plastic money but of the fake kind! Rohit told HT that the withdrew Rs 8000 from the Sangam Vihar ATM in Delhi on February 6. He got four notes of Rs 2000, all of which were fake! It seems some miscreants submitted toy notes of Rs 2000 to one of the banks, which are in circulation. It could also be that these counterfeit notes are part of a bigger racket. To investigate the same, SBI has reportedly notified the Finance Ministry. We hope the Reserve Bank of India is in the know about these Rs 2000 fake notes, too.

HT reports that the Sangam Vihar police station has registered a case under IPC sections 489-b, 489-e and 420 of manufacturing documents resembling currency notes, using forged or counterfeit notes and cheating.

On December 1, 2016, a specimen of the new Rs 1000 note was circulated on social media, saying that it will soon be in currency. The picture of the new Rs 1000 note showed that it was similar to the new Rs 500 note. Recently, there was again news of a new Rs 1000 note in the market. But nothing has been announced officially by the RBI.