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.