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

Explanation using Example

Example 1:

Ravi, a shopkeeper in Mumbai, receives a bundle of currency notes from a customer. While counting the notes, he notices that some of them look different from the usual notes he handles. Despite his suspicion, he decides to use these notes to pay his supplier, thinking that he might get away with it. Later, the supplier discovers the counterfeit notes and reports the matter to the police. Ravi is arrested and charged under Section 489C of the Indian Penal Code for possessing and intending to use counterfeit currency notes.

Example 2:

Priya, a college student in Delhi, finds a few currency notes on the street. She picks them up and realizes that they look slightly different from the regular notes. She suspects that they might be fake but decides to keep them anyway. A few days later, she tries to use one of these notes to buy a book from a bookstore. The cashier identifies the note as counterfeit and calls the police. Priya is charged under Section 489C of the Indian Penal Code for possessing counterfeit currency notes and attempting to use them as genuine.