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News India Live, Digital Desk: These days on internet and social media ‘786’ number Old Rs 100 notes of special or special series 12 lakh rupees Claims are being made to sell for Rs. News of auction of such notes on many online platforms and e-commerce websites (like eBay, CoinBazzar or Quikr) are making headlines. But is it really that simple? Let us know the truth behind this.
Why are these notes considered special? (The ‘Unique’ Factor)
In the world of collectors, there is a demand for notes with certain special features, which are ‘Numismatics’ It is said:
Serial Number ‘786’: Many people consider this number to be very auspicious, hence they are ready to pay huge amount for the notes of this series.
Misprint Note: Notes with printing errors (such as cropped designs or incorrect numbers) may also have a higher value.
Signature of Old Governor: Former governors like I.G. Notes bearing the signatures of Patel or Manmohan Singh, which are no longer in circulation, are also in demand.
What is the real price? (The Reality Check)
Market Quote vs Viral Claim: Although some rare notes sell for thousands, but 12 lakh rupees It is very rare to find such an amount. It completely depends on the buyer and the condition of the note (UNC – Uncirculated Condition).
RBI’s stance: The Reserve Bank of India has clearly stated that it is not involved in any way in the buying and selling of old notes or coins. RBI does not encourage any such activity.
Beware of fraud: RBI guidelines
In view of the increasing online fraud in the name of buying and selling of notes, it is important to be cautious:
Do not give advance to anyone: Fraudsters may often ask for money from you in the name of ‘registration fee’ or ‘note verification’.
Do not share bank details: Never share OTP or bank account information in the name of selling notes.
Not official platform: RBI has not appointed any official portal or agent which auctions the old notes.