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.

Related Judgments

• STATE OF KERALA v. MATHAI VERGHESE — Supreme Court of India (1987)
• SC (2024) Vol.7 p.1054 — Supreme Court of India (2024)
• DIPAKBHAI JAGDISHCHANDRA PATEL v. STATE OF GUJARAT AND ANOTHER — Supreme Court of India (2019)
• SARABHAI M. CHEMICALS v. C.C.E., VADODARA — Supreme Court of India (S)
• PUNJAB AND SINDH BANK v. VINKAR SAHAKARI BANK LTD. AND ORS. SEPTEMBER 17, 2001 B — Supreme Court of India (S)
• BHARATH BOOSHAN AGGARWAL v. STATE OF KERALA — Supreme Court of India (2021)
• Ravichandran : Appellant/Sole Accused vs State through — Madras High Court ()
• CRL A/433/1995 — Madras High Court (1995)

Old <-> New Code Mapping

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