IPC 489D vs BNS 489D
● Retained in BNSMaking or possessing instruments for forging currency notes
Section 489D of the Indian Penal Code, 1860, deals with making, possessing, or using instruments or materials intended for forging or counterfeiting currency notes or banknotes. This section addresses preparatory acts that facilitate currency forgery, emphasizing protection of monetary integrity before counterfeit notes enter circulation.
Key points:
-
Applies when a person makes, possesses, or uses tools, plates, or materials for counterfeiting currency.
-
Punishment: Imprisonment up to 7 years, and fine, showing the seriousness of the preparatory offence.
-
Aims to prevent large-scale counterfeiting by targeting the creation of counterfeit instruments.
For example, possessing printing plates or machinery specifically designed to produce fake banknotes constitutes an offence under IPC 489D. This ensures early deterrence against currency forgery, protecting financial systems and public trust.
Making or possessing instruments for forging currency notes
Section 489D of the Bharatiya Nyaya Sanhita, 2023, mirrors IPC 489D, punishing acts where a person creates, possesses, or uses instruments and materials for counterfeiting currency notes or banknotes. This provision safeguards public confidence, government revenue, and economic security.
Key points:
-
Covers tools, materials, and machinery used in preparing counterfeit currency.
-
Punishment: Imprisonment up to 7 years, and fine, identical to IPC.
-
Focuses on preventing forgery at its preparatory stage.
For instance, a person storing counterfeit printing plates to manufacture fake notes falls under BNS 489D. This aligns with IPC 489D to combat forgery at its roots and ensure financial stability.
What changed?
This provision was carried over to the Bharatiya Nyaya Sanhita with substantially the same wording — the section was renumbered from IPC IPC 489D to BNS BNS 489D.