Will Rs 10 note really fetch Rs 4 lakh? Know what RBI says and how to avoid online fraud: – ..

News India Live, Digital Desk: It is being claimed on social media and some websites that if you have a ₹ 10 note on which ‘786’ If the number is written on it or it has a special serial number, then you can sell it for lakhs on online platforms. But the truth behind this “lottery” can be quite risky.

1. Official warning from Reserve Bank of India (RBI)

RBI has repeatedly issued public notices cautioning people:

No official involvement: RBI does not get involved in any case of buying and selling of old bank notes or coins.

Be careful: The central bank has clarified that it has not authorized any institution, company or individual for such transactions.

Method of cheating: Fraudsters often use the name or logo of RBI and ask for money from people in the name of ‘registration fee’, ‘file charge’ or ‘GST’. Remember, a real buyer will never ask you for money.

2. How is the “price” of a note determined?

In the world of numismatics, the value of a note depends on its rarity and not on what a website claims:

Fancy Number: Like 786786, 000001, or 123456.

Misprint: Any specific mistake occurred during printing.

Signature of Old Governor: Notes from the British period or just after independence.

Truth: Such notes can be worth thousands among collectors, but finding a large sum like ₹4 lakh is extremely rare and often elusive.

3. Process of selling online (if the note is really rare)

If you have a really rare note, these are the safe ways to sell it:

Coin Exhibitions: Go to ‘currency exhibitions’ held in big cities, where real experts and buyers meet.

Online Marketplaces: Place your ad on sites like OLX, Quikr or eBay, but Do not give even a single rupee advance to anyone.

Antique Dealers: Contact certified second hand dealers.

4. Recognize these 4 ‘Red Flags’ (Scam Alert)

If someone asks you ‘RBI Clearance Certificate’ Asked for money for.

If buyer you Check Send a photo and ask to pay tax.

If you have any unknown number Received calls from and he introduced himself as a government official.

If before purchasing the note you Aadhaar or PAN card Photo of which should be asked.