₹100 Note Jackpot: You may have recently heard that old currency notes, especially ₹100 notes, can be sold for lakhs of rupees online. This claim is completely false, and the Reserve Bank of India (RBI) has warned about it.
Busting the rumour
It is true that certain types of old notes or coins can be collectables and can fetch high prices in the market. However, these are usually not transacted through online payment gateways or banks but between antique collectors.
How do you know if your note is valuable?
If you have an old note and want to know if it has any value or not, you can check its following characteristics:
Year of printing – Generally, notes printed in the early years after independence are more valuable.
Signature – The signature of the RBI governor of the time can also affect the note’s price.
Serial number – Certain serial numbers, such as consecutive numbers or numbers in a particular order, can be worth more.
Condition of the note – The better the condition of the note, the more it can be worth.
Take advice from experts.
If you think you have a valuable old note, consult a coin, currency collector, or trusted dealer. They can examine your note and tell you its actual value.
Avoid online fraud
Never make advance payments to any stranger to sell your old note. There are many fake websites online that lure people by promising high prices. But later they either disappear with the note or do not pay the money citing some fake reason.
