The Madurai police has nabbed fake currency amounting to Rs 16,500 in the city. The currency was sent to Reserve Bank of India recently from four banks.

It has been found that the currency was sent from Tamilnadu Mercantile Bank, State Bank of India, Corporation Bank and Indian Overseas Bank.

The notes were sent in denominations of Rs 10, 500 and 1000.

A complaint was filed by RBI Manager (Chennai), Kumarakutti in this regard.