Farmer cheated with photocopy of Rs.2000 note in Karnataka
Barely as the banks started rolling out the new currency note, a farmer, identified as Ashoke in Chikkamagaluru, was handed a photocopied Rs.2000 note on Saturday.
A man bought onions from the farmer and paid the price in a fake Rs.2000 note claiming it to be a new currency withdrawn from the bank.
Later, when Ashok showed it to his friends, he realised that the note was a photocopy of the original currency note, media reports said.
The new Rs. 500 and Rs. 2,000 notes that the RBI is issuing starting from Friday are being called "high security" notes.
According to the RBI, the notes have several new features to make them harder to fake.
The Government has scrapped the Rs. 1000 and Rs. 500 notes with effect from Tuesday midnight to fight black money.
The Government asked the people to deposit their Rs. 500 and Rs. 1000 notes in banks within a specific time frame and get smaller denominations in exchange.
It has also announced that deposits above Rs. 2.5 lakh will be taxed and could draw a 200 per cent penalty if found disproportionately higher than the account owner's income.
The banks have been asked to keep the details of PAN card of people depositing such large amounts over the 50-day period till Dec 30.
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