Section 489A of IPC : Section 489A: Counterfeiting currency-notes or bank-notes
IPC
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Explanation using Example
Example 1:
Ravi, a resident of Mumbai, decides to print fake ₹500 currency notes using a high-quality printer at his home. He successfully prints a batch of these counterfeit notes and attempts to use them at a local grocery store. The store owner, suspecting the notes to be fake, calls the police. Upon investigation, the police find the counterfeit notes and the printing equipment at Ravi's home. Ravi is arrested and charged under Section 489A of the Indian Penal Code for counterfeiting currency notes. He faces imprisonment for life or a term up to ten years, along with a possible fine.
Example 2:
Priya, an employee at a printing press, is approached by a criminal gang to help them in the process of counterfeiting ₹2000 bank-notes. She agrees and assists them by providing the special paper and ink required for printing the fake notes. The gang is later caught by the police while distributing the counterfeit notes in the market. During the investigation, Priya's involvement is discovered. She is charged under Section 489A of the Indian Penal Code for knowingly performing a part of the process of counterfeiting currency notes. Priya faces imprisonment for life or a term up to ten years, along with a possible fine.