IPC 489A - Counterfeiting currency-notes or bank-notes
Description of IPC 489A
Description of IPC Section 489A
According to section 489A of Indian penal code, Whoever counterfeits, or knowingly performs any part of the process of counterfeiting, any currency-note or bank-note, 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.
IPC 489A
| Offence | Counterfeiting currency-notes or bank-notes |
| Punishment | Imprisonment for Life or 10 Years + Fine |
| Cognizance | Cognizable |
| Bail | Non-Bailable |
| Triable | Sessions Court |
Life imprisonment or imprisonment for up to ten years, plus a fine.
IPC 489A in Simple Words
If someone counterfeits or is involved in the process of counterfeiting currency notes or banknotes, they can be punished with life imprisonment or imprisonment for up to ten years, along with a fine.
Importance and Practical application
Addresses the severe crime of counterfeiting currency.
Practical application:
Consider a scenario where an individual is found printing counterfeit currency notes in a clandestine operation. This individual not only produces fake banknotes but also attempts to circulate them by using them to make purchases at local businesses. When law enforcement apprehends this individual, they could be charged under IPC Section 489A for counterfeiting currency. Given the gravity of the offense, the penalties could include life imprisonment or imprisonment for up to ten years, along with the imposition of a fine. This section ensures that those involved in counterfeiting currency face significant legal repercussions, thereby protecting the economy and the financial interests of the public.Conclusion
IPC Section 489A specifically addresses the serious crime of counterfeiting currency notes and banknotes, highlighting the severe legal consequences associated with such fraudulent activities. The provision serves as a deterrent against the production and distribution of counterfeit currency, which undermines the integrity of the financial system.