IPC Section 489C — Possession of forged or counterfeit currency-notes or bank-notes
currency-notes and bank-notes
Criminal
Punishment
Imprisonment up to 7 years, or fine, or both
As the section puts it: “shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both”
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.
Referred to by
Related Judgments
- STATE OF KERALA vs MATHAI VERGHESE & ORS — Supreme Court of India (1986)
- Rahul Dinkar Vachkal vs The State of Maharashtra, .., …, Mr. Murtaza Nazmi with Mr. Dilip Shuk — Bombay High Court (Mumbai Principal Seat) (2020)
- UMASHANKAR vs STATE OF CHHATTISGARH — Supreme Court of India (2001)
- DIPAKBHAI JAGDISHCHANDRA PATEL vs STATE OF GUJARAT AND ANOTHER — Supreme Court of India (2019)
- K. HASHIM vs STATE OF TAMIL NADU — Supreme Court of India (2004)
- SHEIKH JAVED IQBAL @ ASHFAQ ANSARI @ JAVED ANSARI vs STATE OF UTTAR PRADESH — Supreme Court of India (2024)
Old <-> New Code Mapping
- BNS §180 — Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes
