Turn Your Old ₹20 Note into a Jackpot
If you have an old 20-rupee note that you have stuffed into your wallet or piggy bank,
this is the precise time to dig it out! Some old 20-rupee notes are hot in demand, and
collectors are ready to pay up to 5 lakh rupees for them.
Many people want to know why these notes are valuable and where to sell them.
The article will help you know the special features of these notes, where to sell them,
and some prime points to keep in mind.
What Makes the Old 20 Rupee Note So Special?
Not all old 20-rupee notes are valuable. Certain features render such notes rare and
highly sought-after. If you have an old 20 rupee note with these characteristics, you
might have a chance to sell it at a considerably high price.
Essential Features of the Rare 20 Rupee Notes:
This paper note with a serial number printed on the front side indicates 786.
The primary pattern in which this note was issued should show pink.
This note should show a portrait of Mahatma Gandhi.
The serial number 786 is considered lucky and sacred by Muslims. These kinds of notes are sold at very high prices by many collectors and believers.
Currently, since Ramadan is going on, it can be assumed that the demand for such
special notes has surged with it. If you have such a note, you can make an honest
deal and profit handsomely.
Some reports even suggest that up to 5 lakh can be made from selling 1 rare
20-rupee note; then, with 3 such notes, you can even make up to 15 lakh!
Where to Sell the Old 20 Rupee Note?
Selling the old 20-rupee note is almost effortless, and you needn’t even step in its
direction. It can be simply sold online from the comfort of your house. Here’s how to
do it:
Steps for Selling Your Old 20-Rupee Note on the Internet:
1. Register as a seller on OLX: On your browser, visit the OLX website or download
the OLX app on your smartphone. Create an account and register as a
seller.
2. Upload Clear Photos: To post those photos on OLX, take high-quality photos of
the 20-rupee note’s front and back and upload them to the OLX listing.
3. Write a Description: Mention all the features of your note, such as serial number
(786), its colour (pink), and image of Mahatma Gandhi.
4. Set a Price: Set a price according to the demand. Some sell their notes for lakhs!
5. Wait for Buyers to Contact You: Interested buyers will reach out to you. Negotiate
the price and finalize the deal.
You might just land on a buyer since a lot of collectors and note lovers search for
such rare notes online.
Important Things to Know
Before selling your 20-rupee note, however, you must keep a few facts in hand to
protect yourself from any inconvenience.
1. Buying and Selling Notes Is Not Permitted by the RBI
The Reserve Bank of India (RBI) prohibits the sale or purchase of currency notes.
Thus selling a note for money is not legally approved by the government.
2. Old Rupees might be Sold for Lakhs: Social Media Buzzes with Claims
It is possible to see how some old currency notes could be valued at a few lakhs in
social media claims. The possibility of authenticity of such claims remains highly
questionable.
3. Falling for Online Fraud
Almost everyone who sells the old notes online knows the frauds: ask for advance
payment, personal details like identity proof, or bank statement. The result is a total
loss of money.
4. Risky Selling of Notes
If you decide to sell your old 20-rupee note online, be cautious. Only deal with
genuine buyers without getting scammed.
Conclusion: Is Selling the Old 20 Rupee Note Worth?
Rich people make money from the old 20-rupee notes; it sounds tempting, but exercise
caution.
If it contains special features like the 786 serial number, pink color, or Mahatma
Gandhi’s image could be of value to collectors.
Try out OLX or an alternative online platform to sell the note, but beware of
fraudsters.
Firstly, note that RBI does not approve of buying and selling notes; thus, take the
risk
If you decide to sell your note, take adequate precautions and not fall into any scam.
Happy selling!
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