Indian Penal Code, 1860
Section 253
repealedPossession of Indian coin by person who knew it to be altered when he became possessed thereof
Whoever fraudulently or with intent that fraud may be committed, is in possession of coin with respect to which the offence defined in either of the sections 247 or 249 has been committed having known at the time of becoming possessed thereof, that such offence had been committed with respect to such coin, shall be punished with imprisonment of either description for a term which may extend to five years, and shall also be liable to fine.
Why this exists
This mirrors the previous section but applies specifically to Indian coins, carrying a higher maximum punishment. The extra protection for domestic currency reflects how central trust in the rupee is to everyday economic life and to the government's authority to issue money. The IPC has been replaced by the Bharatiya Nyaya Sanhita, 2023, effective 1 July 2024.