Police have arrested two persons in possession of counterfeit Nepali banknotes from Birgunj.

Acting on a tip-off, a team of personnel from the Madhesh Province Police Office and Parsa District Police Office arrested 34-four-year-old Anand Bardan Singh and Om Prakash Sah, 36, from Birgunj Municipality-16 on Wednesday evening.

Counterfeit Nepali banknotes with a face value of Rs486,000 was confiscated from a vehicle with an Indian registration number that the duo were travelling in.

A total of 450 banknotes in the denomination of Rs1,000 and 72 notes in the denomination of Rs500 were seized, police said.

An additional 200 genuine banknotes worth Rs200,000 were also found in the vehicle.

Parsa District Court has remanded the duo to seven days in judicial custody for investigation, Deputy Superintendent of Police Nirmal Budhathoki added.