Indian Penal Code
IPC 489A is now BNS 178(1).
Counterfeiting currency-notes or bank-notes · BNS 178 brings it together with IPC 230, 231, 232, 246, 247, 248, 249 and 255. BNS 178 is new, with no IPC counterpart.
Merged
51% of the old wording kept
Old · IPC 1860 · Ch. XVIII
s. 489A
Counterfeiting currency-notes or bank-notes
Whoever counterfeits, or knowingly performs any part of the process of counterfeiting, any currency-note or bank-note, shall be punished with 2[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.
Explanation.—For the purposes of this section and of sections 489B, 3[489C, 489D and 489E], the expression “bank-note” means a promissory note or engagement for the payment of money to bearer on demand issued by any person carrying on the business of banking in any part of the world, or issued by or under the authority of any State or Sovereign Power, and intended to be used as equivalent to, or as a substitute for money.
Text from the official India Code PDF
New · BNS 2023 · Ch. X
s. 178(1)of section 178
Counterfeiting coin, Government stamps, currency-notes or bank-notes.
(1) the expression “bank-note” means a promissory note or engagement for the payment of money to bearer on demand issued by any person carrying on the business of banking in any part of the world, or issued by or under the authority of any State or Sovereign Power, and intended to be used as equivalent to, or as a substitute for money;
Text from India Code