Apart from counterfeit currencies in denominations of Rs 200 and Rs 2000, the crime branch officials also seized a car, a printer and other material- collectively worth Rs 8,42,720.
Patil is a resident of Brahmi village in the district.
Yavatmal superintendent of police M Rajkumar said the crime branch officials had received a tip-off that counterfeit notes of Rs 200 and Rs 2,000 are in circulation in Darwha and Digras areas of the district.
Police intercepted a car coming towards Yavatmal and seized the fake notes today, he said.
The SP said Patil told them that he was printing fake notes from his residence in Bramhi village.
Police raided the place and recovered a scanner, a printer, ink bottles and other items.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)