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FIR against PNB branch in Gzb for depositing fake notes

Ghaziabad: The Ghaziabad Police on Monday registered an FIR against Punjab National Bank's (PNB) Modinagar branch, after receiving a complaint from the Reserve Bank of India (RBI) that the branch had allegedly deposited fake currency notes to the RBI after demonetization was announced by the Centre on November 8, 2016.
"A total of Rs 34,500 fake currency notes, in denominations of Rs 1,000 and Rs 500, were deposited by the bank to the RBI. On the basis of complaint filed by the Reserve Bank, a case has been registered against the PNB branch and investigations are underway," said HN Singh, Senior Superintendent of Police, Ghaziabad on Monday.
However, the manager of the bank claimed that due to long queues and a large number of people turning up it the branch to deposit old notes, the bank executives could have detect all the fake notes.
"After note ban, a massive crowd turned out at the bank to deposit demonetized notes. Amid the heavy work load and lack of proper machines, the inexperienced staff could not detect the notes and they were mistakenly sent to the RBI, along with total cash worth Rs 310 crore collected from various branches around Noida and Ghaziabad.
"18 notes of Rs 1,000 denomination and 33 notes of Rs 500 were sent back by the Reserve Bank to the branch as they found them suspicious" said Samar Singh, Manager, PNB, Modinagar.
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