Ulhasnagar man forced to deposit fancy notes of Rs 500 and Rs 1000

Ulhasnagar man's rare notes of Rs 500 and Rs 1000 goes down in drainUlhasnagar-based businessman Satish Ahire with the old paper notes worth R28,500, which he will be depositing in the bank. PIC/Navneet Barhate

An Ulhasnagar-based businessman, who has been collecting rare notes of Rs 500 and Rs 1,000 for over a decade, is upset after he was forced to deposit all his old demonetised currency in the bank. Most of these old notes bear unique and fancy serial numbers on them. But, with demonetisation, they have zero value.

Satish Ahire first started collecting these rare notes in 2005. He even created an album in which he has around 96 notes that have number 786, either in the beginning or the end. The 96 notes include currency denominations of Rs 1, Rs 2, Rs 5, Rs 10, Rs 20, Rs 50, Rs 100, Rs 500 and Rs 1,000. "I am very fond of collecting rare notes. But, I am upset that I had to deposit the old notes in the bank. At present, I have 30 notes of R5,00 and 11 notes of Rs 1,000 with the number 786. I also had one Rs 1,000 note with the number 128128, while three Rs 500 notes with number 151151, 900900 and 787787," the numismatist added.

Till date, he has accumulated around Rs 28,500 of the banned currency note, which he will deposit at the bank soon. “I will keep one old note of Rs 500 and Rs 1,000 and deposit the rest in the bank. It is a big amount and I can’t see it going to waste,” said Ahire, who also likes collecting foreign currency.

Ahire, who believes that the number '786' is lucky for him, says that he recently chanced upon a Rs 2,000 note with the same digits. "I will keep it safely," he said, adding that PM Narendra Modi's demonetisation drive has left him disappointed.

  • Gowda24-Nov-2016

    I have nothing to say about this except WTF!

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