Demonetised Rs 500 Note Can Be A Cash Fetching Deal, Know How

Are you fond of collecting old and antique items? Do you have a collection of Indian currencies? If yes, open your treasure box and list out the currencies including old coins and banknotes. You can lock a good deal and earn good money by trading the old currencies online.

Options are available through which you can get ‘cash for cash’ deal and improve your financial condition.

The Indian government had demonetised Rs 500 and Rs 1000 banknotes in November 2016. People across the country returned the demonetised notes to different banks before those got officially declared as ‘banned’. 

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However, many are left with such banned banknotes which are currently valueless in market. If you think so, think again! 

You can make good money with the ‘cash for cash’ deal if you still have the old Rs 500 note banned back in 2016.  

There are ways you can earn Rs 5000 to Rs 10, 000 in exchange of the old Rs 500 banknote. However, you need to fulfil certain conditions to hit the jackpot.

The Reserve Bank of India (RBI) prints all banknotes with a unique pattern as well as serial numbers. Though you won’t find any variation in the notes except the serial numbers, every note has its unique pattern. However, while printing the notes, some mistake occurs. Such errors while printing the currency makes it invaluable.

Check the serial numbers printed on the RS 500 banknote you own. In general, the serial numbers get printed on the notes twice at the corners. However, if the note has only one serial number printed on it, then it can fetch you up to Rs 5000. 

Apart from that, look out for the edges of the note. If any particular edge of the note is larger than usual, you can earn Rs 10, 000 by selling the note. 

Several numismatists who are fond of collecting such rare items, are likely to lock a favourable deal and you can earn good money. The rare items though are invaluable in trading, they can turn good money fetching option for you.

You need to access the best platform to showcase your item where credible buyers throng in search of such rare items. 

Coin trading sites like Quikr and Coinbazzar can help you find potential buyers. You need to create an account providing the credential as required. You need to specify your contact number as well as email ID for registration purpose and this will be the only means for the buyer to communicate with you.

After you register yourself on the coin trading sites, click a few photos of the Rs 500 banned banknote and upload it on the site. Potential buyers will reach out to your post and contact you if interested in the item. You can bargain the deal amount as per your choice. 

So, what are you waiting for! Search for the old banknotes and elevate your financial backup locking a favourable deal.