Meerut FIR after fake notes worth Rs 4.63 lakh found in Axis Bank chest

Police have registered an FIR after 1,323 counterfeit currency notes with a face value of Rs 4.63 lakh were found during scrutiny of cash sent from various bank branches to an Axis Bank currency chest in Meerut, officials said on Thursday.

The fake notes were detected during verification of cash received from different branches between December 1, 2024 and December 31, 2025, according to a complaint filed by currency chest manager Sartaj Singh. The notes were in denominations of Rs 500, Rs 200, Rs 100 and Rs 50, with a total face value of Rs 4,63,650.

Singh, a resident of Hisar in Haryana, submitted a complaint to Meerut Senior Superintendent of Police BBGTS Murthy on September 16. Following this, an FIR was registered on September 22 at Civil Lines police station against unidentified persons under Sections 178, 179, 180, 181 and 182 of the Bharatiya Nyaya Sanhita, which relate to counterfeiting currency, using or possessing counterfeit notes, making or possessing tools for counterfeiting, and making or using documents resembling currency notes.

The investigation has been handed over to Sub-Inspector Dilip Sengar. SP City Vinayak Gopal Bhosle said police have started looking into how the counterfeit notes entered the banking system and through which banks they were routed.