New Delhi: What is the value of an Indian rupee banknote? Well, if you are into selling and buying old banknotes in the country, the value of a one rupee Indian currency note is much more than just Re 1.
Indian Re 1 banknote lying idle in your collection box or wallet could save you thousands of dollars just from the comfort of your home. (Also read: Got a Series 786 Indian Banknote? Get Rs 3 lakh by selling it)
To do this, you just need to make sure that the said bank note issued by the Reserve Bank of India (RBI) meets certain criteria.
You can actually earn Rs 45,000 by selling an old Re 1 ticket, however, you must meet certain conditions. The one rupee note in question should have the signature of the former Principal Secretary of the Ministry of Finance, HM Patel, and it should also have the serial number 123456. (Also read: Got a 1 Indian rupee coin? Here’s how it will make you a crorepati)
One rupee currency can be sold on the coinbazzar website.
You must go to the “shop” section of the website. “Extremely rare, for collectors, a packet of 1957 rupees, signed by HM Patel, with draft number 123456,” the website says.
Meanwhile, in August this year, the Reserve Bank of India issued warning messages regarding the online sale and purchase of old banknotes and coins.
“It has been brought to the attention of the Reserve Bank of India that certain items fraudulently use the Reserve Bank of India name / logo, and charge fees / commissions / taxes from the public, in transactions related to the purchase and selling old banknotes and coins through various online / offline platforms, ”an RBI statement said.
The Reserve Bank of India has further clarified that it does not deal with such matters and never charges fees / commissions of any kind. The RBI also did not authorize any institution / company / person etc. to collect fees / commissions on its behalf in such transactions, the Central Bank said.