Step 1: First open any image.

Step 2: Duplicate the layer. Go to Filter> Other> High Pass and use these settings:

Step 3: Apply Film Grain Filter so go to Filter> Artistic> Film Grain. We are going to use these settings:

Step 4: In this step change the layer blending mode to 'Overlay'.

Step 5: Go to Filter> Artistic> Cutout and use the following settings:

Step 6: Duplicate the existing layer. We need to add more definition, so go to Filter> Artistic> Poster Edges and apply the following settings:

Step 7: Set the blending mode of this layer to 'Hue' and the Opacity to about 80%.

Here's is the Final Result!: