This 500 Rupees banknote from 2015, graded as Rare Uncirculated, features the signature of Governor Raghuram Rajan and bears an "R Insert" designation, marking it as a distinctive variant from the Reserve Bank of India's currency series. The note showcases exceptional preservation typical of UNC-grade specimens, with crisp detail and vibrant color retention. Governor Rajan's tenure (2013โ2015) is historically significant for his pioneering monetary policy and inflation management during a transformative economic period in India. Collectors prize this note for its combination of numismatic quality, historical importance, and the governor's prominence in modern Indian financial history. The R Insert specification adds rarity and appeal among serious collectors seeking complete collections of Rajan-era currency. This is an ideal piece for both Indian banknote enthusiasts and those interested in contemporary monetary memorabilia, offering both aesthetic and investment value.