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Mutilated currency worth about Rs. 23.5 lakh exchanged at camp

Staff Reporter
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People also sensitised about counterfeit notes

New for old:People exchanging mutilated currency notes for fresh ones at a special camp launched by Indian Bank in Salem on Thursday.-PHOTO: E. LAKSHMI NARAYANAN
New for old:People exchanging mutilated currency notes for fresh ones at a special camp launched by Indian Bank in Salem on Thursday.-PHOTO: E. LAKSHMI NARAYANAN

Mutilated, soiled currency notes and coins worth Rs. 23.5 lakh were exchanged at a camp organised by the Indian Bank, Salem Fort Branch, here on Thursday.

A vehicle, flagged off by Collector K. Maharabushanam, went around important places like Collectorate, District Court premises, Kottai Mariamman Temple premises and the bank’s branch at Fairlands, Gugai, between 10 a.m. and 4 p.m.

Coins of Rs. 1, 2, 5 and Rs. 10 to the tune of Rs. 8.50 lakh and mutilated and soiled notes valued at Rs. 15 lakh were exchanged with the public totalling Rs. 23.5 lakh.

The public showed keen interest in utilising the opportunity, because they had been inconvenienced by shortage of coins.

Bank officials said that the camps would create awareness about forged currency notes and help the public in getting the denominations they needed.

The customers were also asked to distinguish between fake and genuine notes during the camp.

S. Chezhian, Zonal Manager, Indian Bank, P. Thagavelu, Assistant General Manager, P.V. Radhakrishna Reddy, Chief Manager, K. Narasimhan, Current Chest-in charge, V. Krishnamoorthy, Senior Manager, Reserve Bank of Indian, Chennai and other branch managers and officers participated.

Vehicle moves around important places in Salem to facilitate exchange of mutilated notes

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