Rare 500 Rupees Mahatma Gandhi Series Y V Reddy Signature Republic India Note # A557

Rare Reserve Bank of India 500 Rupees note from the Mahatma Gandhi series, carrying the portrait of Mahatma Gandhi on the face and the Dandi March scene on the reverse. The note is signed by Governor Y. V. Reddy and carries the inset letter L with serial number 7BM 848411.

• Denomination: 500 Rupees, Reserve Bank of India
• Series: Mahatma Gandhi series, Dandi March reverse design
• Signatory: Governor Y. V. Reddy; inset letter L
• Material: banknote paper with security thread and watermark window
• Size: about 167 x 73 mm
• Condition: Poor, with heavy folds, soft and limp paper, a split along the centre fold, edge and corner wear, soiling and an ink notation on the face

The images show the actual note the buyer will receive.

Add a tangible piece of modern Indian numismatic history to your collection with this Reserve Bank of India 500 Rupees banknote from the iconic Mahatma Gandhi series. Issued during the tenure of Governor Y.V. Reddy, this note features the universally recognized portrait of the Father of the Nation on the obverse and the powerful historical imagery of the Dandi March on the reverse. Measuring approximately 167 by 73 mm and crafted from traditional security banknote paper complete with a watermark window and embedded security thread, it represents a bygone era of Indian currency before the 2016 demonetization. Collectors continually seek out pre-2016 Mahatma Gandhi series denominations to complete comprehensive type sets, particularly those bearing the distinctive signature of Y.V. Reddy alongside the inset letter L and serial number 7BM 848411. While this specimen clearly displays its journey through commerce—exhibiting heavy folds, limp paper, a center-fold split, edge wear, and historical ink notations—its well-traveled character only adds to its authentic story. Sold exactly as photographed, this affordable historic note is ideal for budget-conscious numismatists and paper money enthusiasts eager to preserve a vanished chapter of India's financial heritage.