Inter-State counterfeit currency racket busted

...........Explaining the modus operandi, the police said that the accused would open an account using fake documents in various banks and push fake currency in bulk in the form of deposits during peak hours, to avoid undue attention of the bank staff. The accused would deposit less than Rs 50,000 since any deposit more than Rs 50,000 would require PAN card details from the depositors, as per the RBI norms. Once the money was deposited in the account, the accused would withdraw the amount and escape, the police said.............

Read - The Hindu