What is the cost of one rupee Indian currency note? If you are in the business of selling and buying old notes in India, then the value of one rupee Indian currency note is much more than Re 1.
A 1 rupee Indian note sitting in your collection box or wallet can help you make hundreds of dollars without leaving the comfort of your own home.
All you have to do is to ensure that the currency note issued by the Reserve Bank of India (RBI) meets the specific criteria.
You can get Rs 45,000 by selling old one rupee note, but you have to fulfill certain conditions. The signature of HM Patel, former Principal Secretary, Ministry of Finance, should appear on the one rupee note, as well as serial number 123456.
One Rupee coin is available for purchase on the Coinbazaar website.
You have to go to the ‘Shop’ area of the website. The website describes the bundle as “extremely unusual, for collectors, a one rupee bundle 1957, signed by HM Patel, with the jumbling number 123456”.
Meanwhile, the Reserve Bank of India in August this year had issued a warning message regarding online sale and purchase of old notes and coins.
“It has come to the notice of the Reserve Bank of India that certain elements are fraudulently using the name/logo of the Reserve Bank of India, and soliciting fees/commission/taxes from the public in transactions relating to the purchase and sale of old banknotes and coins. through various online/offline platforms,” RBI had said in a statement.
The Reserve Bank of India has also stated that it does not deal with such situations and does not demand any fee or commission. RBI has also stated that no organization, corporation, individual or other entity has been authorized to charge fees or commission on its behalf in such transactions.
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