The two racketeers were apprehended from near Sohapur in a special joint operation by BSF and Malda police following information received by the border guard's intelligence branch that a consignment of FICN was moving from Malda to Farakka, a release issued by PIB said.
The BSF and police then positioned themselves at three check points to apprehend the racketeers, intercepted a car with Punjab registration and detained the two suspects, it said.
Indian currency of Rs 5,000, four ATM cards, two Chinese wristwatch, four mobile phones and miscellaneous personal items were also recovered from their possession.
The duo revealed their identities as Sunesh Sharma(50 yrs) and Rajan Chopera (25 yrs).
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They were handed over to Kaliachak police station and an FIR has been lodged, the release said.
Malda has become the hub of fake currency note smuggling from across the border. In probably the largest haul of its kind, BSF had on May 6 seized FICN of face value of Rs 64.65 lakh from a village under Baishnab Nagar police station near Indo-Bangladesh border in the district.