This 500 Rupees banknote, signed by C. Rangarajan, represents a significant piece of Indian monetary history. Issued by the Reserve Bank of India during Rangarajan's tenure as Governor, this note showcases the distinctive design and security features characteristic of that era. Graded in Very Fine condition, it displays excellent clarity with minimal wear, making it an exceptional example for serious collectors. The signature itself is a key authentication element and point of collector interest, as notes from specific governors command premium value among numismatists. This denomination is particularly sought after as higher-value notes saw less circulation, increasing survival rates for quality specimens. Ideal for those building comprehensive RBI collections or focusing on gubernatorial signatures, this note combines historical significance with impressive preservation. Perfect for display or investment in India's rich numismatic legacy.