The problem with having a fake currency note is that not only is it mostly unusable, there is also a threat of punishment. The Reserve Bank of India (RBI) states on its website that even though mere possession of a forged note does not attract punishment, holding a note knowing that it is a fake and then intending to use is it as a genuine note is indeed punishable under section 489C of the Indian Penal Code, 1860 '...........
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