Recently, the issue came to light in Vemulawada municipality limits. Women SHG members regularly collect monthly loan instalments to repay bank loans. During this process, members submitted several ₹500 notes to their group leader. Later, when the leader visited a bank to deposit the cash, officials identified one fake note.

As soon as the information surfaced, group members expressed shock and fear. Furthermore, members revealed that similar fake notes had appeared twice earlier. This incident marked the third occurrence, raising serious concerns. Consequently, the issue became a hot topic among SHGs in the region.

Meanwhile, bank officials advised SHG members to remain alert while collecting cash. They urged members to check notes carefully before deposits. Since SHGs operate across Telangana, officials stressed the need for vigilance to prevent financial losses.

The post Fake Currency Shock Hits Women SHGs in Telangana appeared first on India Podcast.