You must be thinking, what is so special about this ordinary-looking 50 rupee note that people are spending lakhs of rupees on it? Actually, this note is not normal. It is very important to have 786 printed on this note. Apart from this, there should also be a picture of Mahatma Gandhi on the front side of the note. This is the reason why this note becomes rare in the market and is special for collectors.
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Why will the Reserve Bank of India not give more money
Many people assume that the Reserve Bank of India will give lakhs of rupees for such notes. But this is not true. The Reserve Bank will give the same value in exchange for any note as is printed on it. That is, you will get only 50 rupees from the bank on a 50 rupee note.
Such people want special notes
This rare note is liked only by those people who collect old and unique currency. These people spend up to lakhs of rupees to buy it. This is the reason that the real value of the note is only 50, but its price in the market can reach from thousands to lakhs.
Where can you sell such notes?
You cannot sell this note everywhere. If you give it to a shop, it will be considered only 50 rupees. But you can sell it on online platforms like eBay and OLX. The people bidding there are ready to give you a higher price.
You can also earn money from 10 and 20-rupee notes
Not only 50, but many old 10 and 20 rupee notes can also be very high if they are in rare and unique series. Their demand also remains among collectors.
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Beware of fraud
The Reserve Bank of India does not recognize such transactions. Therefore, if you are selling such notes online, then the entire responsibility will be yours. In case of any fraud, you yourself have to be cautious.