New Delhi: On Sunday morning when mostly the whole nation is queuing up outside the banks and ATM’s in order to withdraw and exchange the recently discontinued Rs 500 and Rs 1000 notes, a woman hailing from Malappuram, Kerala was arrested for depositing fake currency at an SBI branch with the face value of Rs 37,000.

The 65-year-old, Mariyamma, visited the SBI bank branch at Kondotty to deposit Rs 49,500 of which bank officials found currency notes with a face value of Rs 37,000 to be fake.

After finding the amount to be fake, SBI officials immediately informed police.

When questioned about the fake currency notes, the woman stated that her children who were in the Gulf had sent her the money.

Commenting on the incident, a police official said that on the basis of the complaint made by the bank manager, the woman was arrested and has been remanded to judicial custody.

He further added that a case has been registered under Indian Penal Code (IPC) section 489 (B)(C) (using as genuine, forged or counterfeit currency or bank notes, possession of forged or counterfeit currency or bank notes).