Counterfeit ₹5,000 Detected in Axis Bank Cash Deposit Machine in Pune’s Daund; Police Launch Probe
Counterfeit ₹5,000 Detected in Axis Bank Cash Deposit Machine in Pune's Daund; Police Launch Probe
Counterfeit currency worth ₹5,000 was detected in a cash deposit machine at an Axis Bank branch in Daund during a routine inspection, prompting police to register a case and begin an investigation.
Pune | July 20, 2026:
A routine inspection of a cash deposit machine (CDM) at an Axis Bank branch in Daund, Pune district, led to the detection of counterfeit currency notes with a face value of ₹5,000, triggering a police investigation into the source of the fake cash.
According to officials, the counterfeit notes were identified during a scheduled inspection conducted by bank staff. The suspected fake currency had been automatically diverted to a separate compartment within the cash deposit machine designed to isolate suspicious notes, ensuring that they did not enter the bank’s cash reserves or circulation.
Following the discovery, bank officials carried out an internal verification process to confirm that the notes were counterfeit. After completing the preliminary examination, the matter was reported to the police, and a formal complaint was lodged against an unknown person.
Based on the complaint, Daund Police registered a case and initiated an investigation to identify the individual who deposited the counterfeit currency. Investigators are examining CCTV footage installed at the bank premises and analysing available technical evidence to trace the depositor and determine the circumstances under which the fake notes were deposited.
Officials said the CDM’s built-in detection mechanism played a crucial role in identifying the suspected counterfeit currency before it could become part of the bank’s regular cash inventory. The incident highlights the importance of automated security features in modern banking systems for preventing counterfeit notes from entering circulation.
Police are expected to verify transaction records and other digital evidence as part of the investigation. Further action will depend on the findings and the identification of the person responsible for depositing the fake currency.
Authorities have advised citizens and businesses to remain vigilant while handling cash transactions and to report any suspected counterfeit currency to the nearest police station or bank branch.
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