Two business management graduates from Davanagere, including a girl, have been arrested on the charge of circulating fake currency notes with a face value of Rs 200, police said.
Chethan Gowda (23) and his girlfriend Arpita P Navale, both belonging to Davanagere, were held on Wednesday.
An SUV, a printer and materials used for printing the fake currency have been seized from the accused, the police said.
Their luck ran out after an alert shopkeeper grew suspicious about a note, approached a bank to verify the currency and then informed the police.
Police found out that the accused have used at least 200 fake currency notes in various places.
The two were produced before the court which remanded Chethan in police custody and Arpita in judicial custody, sources said.