Indian Penal Code
IPC 489C is now BNS 180.
Possession of forged or counterfeit currency-notes or bank-notes · BNS 180 brings it together with IPC 242, 243, 252, 253 and 259.
Merged
Old wording kept in full
Old · IPC 1860 · Ch. XVIII
s. 489C
Possession of forged or counterfeit currency-notes or bank-notes
Whoever has in his possession any forged or counterfeit currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.
Text from the official India Code PDF
New · BNS 2023 · Ch. X
s. 180
Possession of forged or counterfeit coin, Government stamp, currency-notes or bank-notes.
Whoever has in his possession any forged or counterfeit coin, stamp, currency-note or bank-note, knowing or having reason to believe the same to be forged or counterfeit and intending to use the same as genuine or that it may be used as genuine, shall be punished with imprisonment of either description for a term which may extend to seven years, or with fine, or with both.
Explanation.—If a person establishes the possession of the forged or counterfeit coin, stamp, currency-note or bank-note to be from a lawful source, it shall not constitute an offence under this section.
Text from India Code