What does RS in money stand for?

the rupee

What country currency is Rs?

IndiaBhutan

How do you read INR money?

The currency is issued and controlled by the Reserve Bank of India. During the past 15 years, the value has ranged from $1 USD = 35–65 INR or 1 euro = 44–69 INR (see below: Convertibility). The modern rupee is sub-divided into 100 paise (singular paisa)….

Indian rupee
Subunit
1/100	Paisa
Symbol
Paisa	p

What is the cost of 1 rupee?

The average cost of manufacturing a single one rupee coin is ₹1.11, which is more than its own value, the Reserve Bank of India (RBI) revealed in response to an RTI query. To mint a ₹2 coin, the government spends ₹1.28, it added.

Is 2 rupee note a legal tender?

Every banknote issued by Reserve Bank of India (₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹200, ₹500 and ₹2000), unless withdrawn from circulation, shall be legal tender at any place in India in payment or on account for the amount expressed therein, and shall be guaranteed by the Central Government, subject to provisions of sub- …

Who signs on coins in India?

Short answer to the question of who is the signatory for the Indian rupee currency notes: — the governor of the Reserve Bank of India (RBI). The Rupee 1 currency notes, being legally accepted as a coin, are an exception.

Is Destroying Money illegal in India?

yes, it is totally illegal to destroy currency either in notes coins. basically notes/coins are promissory notes issued by central bank (RBI ) behalf of a sovereign govt (GOI ) it is illegal to destroy notes coins. though notes coins are liabilities on RBI but it they are sovereign securities.

What is the value of 2 rupees note?

2 Rupees Tiger Note Value | Sell 2 rs note price 3 lakh.

What is the value of 786 note?

An old note of the 786 series can fetch you lakhs within a few minutes. The number is considered lucky by Muslims and they are willing to give a good amount of money to own the note with ‘786’ printed on it. Those who have a 786 digit wall note can get up to Rs 3 lakh in one bid of the note.

Which Indian coins are valuable?

Given below are the 7 priciest coins of India.

Jahangir ‘Wine Cup’ Gold Mohur ( USD 220,000 )
Jahangir ‘Zodiac’ Gold Mohur ( USD 150,000 )
Akbar ‘Ram-Siya’ silver half Rupee coin (USD 140,000)
Nur Jahan Gold Mohur with Jahangir ( USD 90,000 )
Kanishka Buddha coin ( USD 125,000 )

Which coins are worth money in India?

How can I tell if a Indian coin is rare?

Indian coins since 1835-2007 have the following Mint Marks which are found under the date (year of issue) of the coin. Indian coins bear the distinctive marks of these mints but some coins were minted abroad and imported in 1857-58, 1943, 1985, 1997-2002 and these bear the mint marks of their origin.

Where can I sell old Indian coins?

You can sell those coins on IndiaMART.com where one can get the old coins.

5o paisa coin.
old 50 paisa coin.
50 paisa coin.
Rs 5 coin.
rare coins.
old coins.
currency.

Who can I sell old coins to?

Local coin dealers are natural places to visit first when selling coins. Mostly you’ll sell low and medium-value coins here. When you go to a dealer, look at their stock. If they have a lot of coins made of the same metal and of similar quality to the ones you’re selling, chances are they’ll give you a fairer price.

How much is 25 paise worth?

If you are having any old coin of 25 paise, you can get Rs 1.5 lakh. This may sound strange and funny, but it is true. You can earn the money after selling the old and rare coins to those who love to collect them and are ready to shell out a hefty amount in exchange for the old coin.

How do I sell old coins?

Here are the places where you can sell antique coins: Auctions: auctions, especially online auction sites like eBay, are a popular option among sellers. However, auctions are timely processes and you likely won’t earn as much money as you would if you sold antique coins elsewhere.