Indian Banknotes Varieties & Value

Your comprehensive guide to identifying and valuing post-independence Indian banknotes

NOTE - WORK IN PROGRESS: We have not input the correct value as yet

Since India’s independence in 1947, the Government of India and the Reserve Bank of India have issued a fascinating range of paper money reflecting the nation’s political, economic, and artistic evolution. This guide catalogs every major post-independence issue — from the early Ashoka Pillar notes to the Mahatma Gandhi series — highlighting varieties and estimated market values. The listings are organized by denomination.

Disclaimer: All prices shown are indicative market estimates for banknotes in the grades stated. Actual values may vary depending on demand, condition, and market fluctuations. These figures are provided as a guide only and do not represent our buying or selling prices.

IMPORTANT: We buy only early high-denomination and Gulf/Haj notes. See our We Buy Indian Banknotes page.

1 Rupee Note

Variety 1: Indian Paper Money Catalog Type 6.1.1

1 Rupee Note

Variety 2: Indian Paper Money Catalog Type 6.1.2

1 Rupee Note

Variety 3: Indian Paper Money Catalog Type 6.1.3

1 Rupee Note

Variety 4: Indian Paper Money Catalog Type 6.1.4

1 Rupee Note

Variety 5: Indian Paper Money Catalog Type 6.1.5

1 Rupee Note

Variety 6: Indian Paper Money Catalog Type 6.1.6

1 Rupee Note

Variety 7: Indian Paper Money Catalog Type 6.1.7

1 Rupee Note

Variety 8: Indian Paper Money Catalog Type 6.1.8

1 Rupee Note

Variety 9: Indian Paper Money Catalog Type 6.1.9

1 Rupee Note

Variety 10: Indian Paper Money Catalog Type 6.1.10

2 Rupee Note

Variety 1: Indian Paper Money Catalog Type 6.2.1

2 Rupee Note

Variety 2: Indian Paper Money Catalog Type 6.2.2

2 Rupee Note

Variety 3: Indian Paper Money Catalog Type 6.2.3

2 Rupee Note

Variety 4: Indian Paper Money Catalog Type 6.2.4

2 Rupee Note

Variety 5: Indian Paper Money Catalog Type 6.2.5

2 Rupee Note

Variety 6: Indian Paper Money Catalog Type 6.2.6

2 Rupee Note

Variety 7: Indian Paper Money Catalog Type 6.2.7 - Gandhi Commemorative Issue

2 Rupee Note

Variety 8A: Indian Paper Money Catalog Type 6.2.8

2 Rupee Note

Variety 8B: Indian Paper Money Catalog Type 6.2.8

2 Rupee Note

Variety 8C: Indian Paper Money Catalog Type 6.2.8

2 Rupee Note

Variety 9: Indian Paper Money Catalog Type 6.2.9

2 Rupee Note

Variety 10A: Indian Paper Money Catalog Type 6.2.10

2 Rupee Note

Variety 10A: Indian Paper Money Catalog Type 6.2.10

2 Rupee Note

Variety 11: Indian Paper Money Catalog Type 6.2.11

5 Rupee Note

Variety 1: Indian Paper Money Catalog Type 6.3.1

5 Rupee Note

Variety 2: Indian Paper Money Catalog Type 6.3.2

5 Rupee Note

Variety 3: Indian Paper Money Catalog Type 6.3.3

5 Rupee Note

Variety 4: Indian Paper Money Catalog Type 6.3.4

5 Rupee Note

Variety 5: Indian Paper Money Catalog Type 6.3.5

5 Rupee Note

Variety 6: Indian Paper Money Catalog Type 6.3.6

5 Rupee Note

Variety 7: Indian Paper Money Catalog Type 6.3.7

5 Rupee Note

Variety 8A: Indian Paper Money Catalog Type 6.3.8

5 Rupee Note

Variety 8B: Indian Paper Money Catalog Type 6.3.8

5 Rupee Note

Variety 9: Indian Paper Money Catalog Type 6.3.9

5 Rupee Note

Variety 10: Indian Paper Money Catalog Type 6.3.10

5 Rupee Note

Variety 11: Indian Paper Money Catalog Type 6.3.11

5 Rupee Note

Variety 12: Indian Paper Money Catalog Type 6.3.12

10 Rupees - Ashoka

Variety 1: Indian Paper Money Catalog Type 6.4.1

10 Rupees - Ashoka

Variety 2: Indian Paper Money Catalog Type 6.4.2

10 Rupees - Ashoka

Variety 3: Indian Paper Money Catalog Type 6.4.3

10 Rupees - Ashoka

Variety 4: Indian Paper Money Catalog Type 6.4.4

10 Rupees - Ashoka

Variety 5: Indian Paper Money Catalog Type 6.4.5

10 Rupees - Ashoka

Variety 6: Indian Paper Money Catalog Type 6.4.6

10 Rupees - Ashoka

Variety 7: Indian Paper Money Catalog Type 6.4.7 - Gandhi Commemorative Issue

10 Rupees - Ashoka

Variety 8A: Indian Paper Money Catalog Type 6.4.8

10 Rupees - Ashoka

Variety 8B: Indian Paper Money Catalog Type 6.4.8

10 Rupees - Ashoka

Variety 9: Indian Paper Money Catalog Type 6.4.9

10 Rupees - Ashoka

Variety 10A: Indian Paper Money Catalog Type 6.4.10

10 Rupees - Ashoka

Variety 10B: Indian Paper Money Catalog Type 6.4.10

10 Rupees - Ashoka

Variety 11: Indian Paper Money Catalog Type 6.4.11

10 Rupees - Gandhi

Variety 12: Indian Paper Money Catalog Type 6.4.12

10 Rupees - Gandhi

Variety 13: Indian Paper Money Catalog Type 6.4.13

20 Rupees - Ashoka

Variety 1A: Indian Paper Money Catalog Type 6.5.1

20 Rupees - Ashoka

Variety 1B: Indian Paper Money Catalog Type 6.5.1

20 Rupees - Ashoka

Variety 2: Indian Paper Money Catalog Type 6.5.2

20 Rupees - Ashoka

Variety 3: Indian Paper Money Catalog Type 6.5.3

20 Rupees - Gandhi

Variety 4: Indian Paper Money Catalog Type 6.5.4

20 Rupees - Gandhi

Variety 5: Indian Paper Money Catalog Type 6.5.5

50 Rupees - Ashoka

Variety 1: Indian Paper Money Catalog Type 6.6.1

50 Rupees - Gandhi

Variety 2: Indian Paper Money Catalog Type 6.6.2

50 Rupees - Gandhi

Variety 3A: Indian Paper Money Catalog Type 6.6.3

50 Rupees - Gandhi

Variety 3B: Indian Paper Money Catalog Type 6.6.3

50 Rupees - Gandhi

Variety 4: Indian Paper Money Catalog Type 6.5.4

100 Rupees - Ashoka

Variety 1: Indian Paper Money Catalog Type 6.7.1

100 Rupees - Ashoka

Variety 2A: Indian Paper Money Catalog Type 6.7.2

100 Rupees - Ashoka

Variety 2B: Indian Paper Money Catalog Type 6.7.2

100 Rupees - Ashoka

Variety 3A: Indian Paper Money Catalog Type 6.7.3

100 Rupees - Ashoka

Variety 3B: Indian Paper Money Catalog Type 6.7.3

100 Rupees - Ashoka

Variety 4: Indian Paper Money Catalog Type 6.7.4

100 Rupees - Ashoka

Variety 5: Indian Paper Money Catalog Type 6.7.5

100 Rupees - Commemorative

Variety 6: Indian Paper Money Catalog Type 6.7.6 - Gandhi Commemorative Issue

100 Rupees - Ashoka

Variety 7A: Indian Paper Money Catalog Type 6.7.7

100 Rupees - Ashoka

Variety 7B: Indian Paper Money Catalog Type 6.7.7

100 Rupees - Ashoka

Variety 8: Indian Paper Money Catalog Type 6.7.8

100 Rupees - Ashoka

Variety 9: Indian Paper Money Catalog Type 6.7.9

100 Rupees - Ashoka

Variety 10: Indian Paper Money Catalog Type 6.7.10

100 Rupees - Gandhi

Variety 11: Indian Paper Money Catalog Type 6.7.11

100 Rupees - Gandhi

Variety 11: Indian Paper Money Catalog Type 6.7.11

100 Rupees - Gandhi

Variety 12: Indian Paper Money Catalog Type 6.7.12

500 Rupees - Gandhi

Variety 1: Indian Paper Money Catalog Type 6.8.1

500 Rupees - Gandhi

Variety 2: Indian Paper Money Catalog Type 6.8.2

500 Rupees - Gandhi

Variety 3: Indian Paper Money Catalog Type 6.8.3

500 Rupees - Gandhi

Variety 4: Indian Paper Money Catalog Type 6.8.4

1000 Rupees - Ashoka

Variety 1: Indian Paper Money Catalog Type 6.9.1

1000 Rupees - Ashoka

Variety 2: Indian Paper Money Catalog Type 6.9.2

1000 Rupees - Ashoka

Variety 3: Indian Paper Money Catalog Type 6.9.3

1000 Rupees - Ashoka

Variety 4: Indian Paper Money Catalog Type 6.9.4

1000 Rupees - Gandhi

Variety 5: Indian Paper Money Catalog Type 6.9.5

1000 Rupees - Gandhi

Variety 6: Indian Paper Money Catalog Type 6.9.6

5000 Rupees - Ashoka

Variety 1: Indian Paper Money Catalog Type 6.10.1

5000 Rupees - Ashoka

Variety 2: Indian Paper Money Catalog Type 6.10.2

10000 Rupees - Ashoka

Variety 1: Indian Paper Money Catalog Type 6.11.1

10000 Rupees - Ashoka

Variety 2: Indian Paper Money Catalog Type 6.11.2

Final Thoughts on Collecting Indian Banknotes

Collecting Indian banknotes is more than a hobby — it's a journey through history, art, and culture. From the ornate designs of British India to the crisp security features of modern Indian currency, every note tells a story. Whether you collect for passion, profit, or both, building a thoughtful, well-preserved collection brings lasting satisfaction.

As you continue your journey, remember to:

  • Study from trusted resources

  • Collect what excites you

  • Store your notes with care

The world of Indian paper money is vast and full of surprises — and you’re just getting started.