IPC Section 489B — Using as genuine, forged or counterfeit currency-notes or bank-notes

Summary

If a person sells, buys, receives, or in any way trades or uses a fake currency note or banknote as if it were real, and they know or have reason to believe it is fake, they can be punished with life imprisonment or up to ten years in prison, and may also have to pay a fine.

Official Text

Whoever sells to, or buys or receives from, any other person, or otherwise traffics in or uses as genuine, any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit, shall be punished with imprisonment for life, or with imprisonment of either description for a term which may extend to ten years, and shall also be liable to fine.

Referred to by

• CrPC §356 — Order for notifying address of previously convicted offender

Related Judgments

• Rahul Dinkar Vachkal vs The State of Maharashtra, .., …, Mr. Murtaza Nazmi with Mr. Dilip Shuk — Bombay High Court (Mumbai Principal Seat) (2020)
• DIPAKBHAI JAGDISHCHANDRA PATEL vs STATE OF GUJARAT AND ANOTHER — Supreme Court of India (2019)
• SHEIKH JAVED IQBAL @ ASHFAQ ANSARI @ JAVED ANSARI vs STATE OF UTTAR PRADESH — Supreme Court of India (2024)
• UMASHANKAR vs STATE OF CHHATTISGARH — Supreme Court of India (2001)
• BHARATH BOOSHAN AGGARWAL vs STATE OF KERALA — Supreme Court of India (2021)

Old <-> New Code Mapping

• BNS §179 — Using as genuine, forged or counterfeit coin, Government stamp, currency-notes or bank-notes