IPC Section 489D. Making or possessing instruments or materials for forgoing or counterfeiting currency-notes or bank-notes

Category of Bare Act Name of the Act Year of Promulgation
Criminal Laws Indian Penal Code 1860
Act Number Enactment Date Chapter Number
45 06.10.1860 18
Chapter Title Sub-Chapter Legislated by
Of Offences Relating To Documents And To Property Marks - Parliament of India

Whoever makes, or performs any part of the process of making, or buys or sells or disposes of, or has in his possession, any machinery, instrument or material for the purpose of being used, or knowing or having reason to believe that it is intended to be used, for forging or counterfeiting any currency-note or bank-note, shall be punished with 1[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.]

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1. Subs. by Act 26 of 1955, s. 117 and the Sch., for “transportation for life” (w.e.f. 1-1-1956).

Offence Description Punishment provided Cognizable/Non-Cognizable
Making or using documents resembling currency notes or bank notes Fine of 100 rupees Non-Cognizable
Bailable/Non-Bailable Trial Court Details Compoundable/Non-Compoundable
Bailable Any Magistrate Non-Compoundable
Compoundable by Whom Concerned Ministry Concerned Department
Non-Compoundable Ministry of Home Affairs Department of Internal Security