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RuleMate India

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SHORT ANSWER: No, it is illegal to sell old currency notes at a premium. DETAILS: - The Reserve Bank of India (RBI) has stated that old currency notes are not legal tender and cannot be sold for profit. - Selling old currency notes at a premium can be considered as a violation of the Reserve Bank of India Act, 1934. PUNISHMENT / IMPLICATIONS (if applicable): - Violation may lead to penalties under the RBI Act. SOURCE: - Reserve Bank of India Act, 1934
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