The recognition of Rs 500 and Rs 1,000 notes as legal tender came to an end on November 8, 2016, when demonetisation was announced. After that period, the notes were no longer useful. However, if you have Rs 500 notes with specific properties, then it can fetch a considerable amount of money.
After more than four years of demonetisation, the notes have become antique and scarce. The Rs 500 notes with printing errors are reportedly being sold for up to Rs 10,000.
RBI carefully prints the notes to ensure that they have a consistent pattern and are formatted correctly.
If the notes have a mistake made by the RBI during printing and distribution, they become unique. RBI made a significant mistake when producing a few Rs 500 notes, and now individuals are willing to pay hundreds of rupees to get them, even after demonetisation.
The serial number was printed twice on a few Rs 500 notes. If you have Rs 500 notes with serial numbers written twice, this RBI error can now net you Rs 5,000.
Aside from the printing error, another RBI blunder will net you Rs 10,000. RBI has left an additional paper on the edge of a few Rs 500 notes. If you have a note with extra paper on one side, then it can be sold online for Rs 10,000.
If you have Rs 500 bills with the above mentioned errors, it could be a successful business for you. You can sell these notes on the website named as oldindiancoins.com,
You can sell your old notes in the following steps:
Step 1: Visit oldindiancoins.com
Step 2: On the homepage, click on the registration tab and get yourself registered as a seller.
Step 3: Take a clear photograph of your note and post it to the platform. Your advertisement for selling the note will be displayed on the platform.
Step 4: After seeing your ad, those who are interested in purchasing the notes will contact you. Communicate directly with them and sell the notes.
Similarly, sitting at home, an old Rs 5 note with a tractor picture on it might get you Rs 30,000.
