IPC Section 489C — Possession of forged or counterfeit currency-notes or bank-notes

Summary

If a person keeps a fake currency note or banknote with them, knowing or having reason to believe it is fake, and they plan to use it as real money or let someone else use it as real money, they can be punished. The punishment can be imprisonment for up to seven years, a fine, or both.

Official Text

Whoever has in his possession any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.

Related Judgments

• STATE OF KERALA v. MATHAI VERGHESE — Supreme Court of India (1987)
• 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)
• 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)
• BHARATH BOOSHAN AGGARWAL v. STATE OF KERALA — Supreme Court of India (2021)
• TABREZ AHMED v. STATE NCT OF DELHI — High Court of Delhi (2021)
• CRL A/433/1995 — Madras High Court (1995)

Old <-> New Code Mapping

• BNS §180 — Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes