RBI seeks police committee to check ISI circulated fake notes in UP

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Lucknow, Sep 2 (UNI) Shocked over the recent incidents of circulation of ISI printed fake currency in Uttar Pradesh, the Reserve Bank of India (RBI) has asked the state government to set up a committee headed by the Director General of Police (DGP) to put a check on the Fake Indian Currency Notes(FICN).

A letter dated August 27, on behalf of the RBI Governor, has asked the UP DGP to set up the committee which would include police and banking officials.

The committee would evolve ways and means to control the circulation of FICNs by way of gathering intelligence and monitor the follow up action.

The letter has also mentioned that the governments of UP, Bihar and West Bengal had specially been asked to keep a watch on the bank branches located on the international border areas.

As per the guidelines, the RBI has also told the banks to rotate the staff posted in border area branches on a regular interval.

A national level controlling authority of RBI would coordinate with the newly proposed committee in the way to exchange information with regard to FICNs.

Meanwhile, the Additional Director General of Police (ADG), Law and Order, UP Brij Lal told UNI that the DGP would convene a meeting at the earliest to set up the committee.

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