Three persons were arrested with fake Indian currency notes with a total face value of Rs 7.85 lakh that they planned to exchange with the now-withdrawn Rs 2,000 banknotes.
Acting on a tip-off, the city crime branch arrested three men with 1,570 fake notes each with a face value of Rs 500.
Two of the accused persons are natives of Puducherry and one is from Tamil Nadu, the crime branch said in Press release.