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Section 489B of the Indian Penal Code, 1860

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Section 489B

Using as genuine, forged or counterfeit currency-notes or bank-notes.

Description:

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.

Classification of Offence:

Punishment- Imprisonment for life, or imprisonment for 10 years and fine- Cognizable– Non-Bailable- Triable by Court of Session- Non-Compoundable.

 


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