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The seizure of the notes bearing the inscription “Children Bank of India, Full of Fun” was made near a temple in the Nerul area during a routine surveillance on Friday evening, he said.
Dinesh Yashwant Dhaval (39) of Maharashtra’s Raigad district and Shambhukumar Prabhudayal Sharma (32) from Jharkhand’s Hazaribagh, both currently living in Navi Mumbai, were carrying the bogus notes, he said.
A total of 27 bundles, all in the denomination of Rs 500, were seized.
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