SBI moves to resolve Sangam Vihar ATM fake currency note case

| Updated: Feb 23, 2017 02:43 IST

New Delhi [India], Feb.22 (ANI): The State Bank of India (SBI) on Wednesday said that it had taken cognisance of media reports that the ATM of one of its branches in the Sangam Vihar area of Delhi had allegedly dispensed some fake Rs.2000/- notes on February 6, 2017. In a statement, it said "The SBI has in place, at all its currency chests a very robust system for monitoring the quality of notes. All notes received by the bank and to be dispensed by the bank, either through its ATMs or its branches, are processed through the latest state-of-the-art 'Note Sorting Machines'. These machines are equipped with the templates of all legal tender in the country and any note not conforming to the security features is separated as 'Suspect Note' for further manual scrutiny. Thus, no fake note is likely to be dispensed through Bank's ATMs at any time." "In the Sangam Vihar case, it is reported that the complainant never approached the Bank. However, media reports tell that the Police I/O has confirmed that his withdrawal from the same ATM resulted in the dispensation of a similar note confirming the allegation. This ATM has reportedly been sealed by Delhi Police for further investigation. The DVSS footage obtained from the ATM has been handed over to the Police authorities. Meanwhile, the Bank is examining the notes in all other ATMs handled by the same custodians of the Bank and replenished by the same Cash Replenishment Agency," the bank said in a statement. "As the possibility of fake notes from Bank's ATMs is very remote, the bank suspects involvement of some miscreants with mischievous intent. However, further investigations are underway. (ANI)
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