Rare Currency Note Alert – Nowadays, many types of claims regarding old and rare notes go viral on the internet. Sometimes the value of an old Rs 1 note is said to be in lakhs, and sometimes there are reports of earning big money by selling Rs 2 and Rs 10 notes. Now, in this episode, a special note of Rs 20 is being discussed. It is being claimed that if you have a Rs 20 note with serial number 786, you can sell it for up to Rs 4 lakh.

In such a situation, if you also have an old pink colored Rs 20 note, then this news may be interesting for you. However, before preparing to sell the notes, it is very important to understand the truth of this viral claim and the important facts related to it.

What is the speciality of the ₹20 note with serial number 786?

It is claimed in social media and in many online reports that the Rs 20 note on which serial number 786 is written is in great demand among collectors. Some special features of this note are also mentioned.
The colour of the note should be pink.
There should be a picture of Mahatma Gandhi on the note.
The serial number of the note should contain 786 digits.
The condition of the note should be good and clean.

Actually, in Islamic belief, the number 786 is considered auspicious. Many people associate it with blessings, happiness and prosperity. For this reason, some people show interest in buying notes with the number 786 for collection.

Can you really get Rs 4 lakh from a ₹20 note?

It is being claimed on the internet that one can get Rs 4 lakh for one Rs 20 note with serial number 786 and Rs 12 lakh for three such notes. However, there is no official evidence available to confirm this price.

The value of old notes and coins depends on their rarity, historical importance, quality of printing and demand from collectors. Just because the number 786 does not determine the value of a note worth lakhs of rupees. Therefore, it would not be right to consider the claim of getting Rs 4 lakh as a sure earning opportunity.

How to sell old notes on OLX?

On some online classified platforms, people post advertisements for buying and selling of old notes and coins. OLX is also one such platform. However, placing an advertisement there does not mean that the note will be sold or that you will get the desired price.

If you are thinking of selling your old notes, keep a few things in mind:

Take a clear and original photo of the note.
Provide information about its serial number and other characteristics.
Before deciding the price of the note, consult a knowledgeable currency collector.
Check the authenticity of the buyer’s identity and payment.
Do not give banking details or OTP to any unknown person.

Know this warning from the RBI before selling ₹20 notes

The Reserve Bank of India (RBI) has already warned people about fraud in the name of buying and selling old notes and coins. RBI had clarified in its press release issued on August 4, 2021 that it does not buy or sell old notes and coins. Also, RBI said that it has not authorised any person, company or institution for such transactions.

Many fraudsters use the name and logo of RBI to ask money from people in the name of registration fees, commission and taxes. One should avoid falling into any such trap.
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Know the truth about the price of 786 ₹20 notes

If you have a Rs 20 note with serial number 786, then you can keep it safely if you want. But don’t expect to get Rs 4 lakh just based on this number. The actual price of any note is determined by the buyer and its demand in the market.

Disclaimer: A claim of selling Rs 20 note with number 786 for Rs 4 lakh is being made on the internet, but there is no official confirmation of this. Do not pay advance fees, registration charges or taxes to anyone in the name of selling notes. RBI has also issued a warning regarding this type of fraud.