Watch List notes:

Republic India, Error 5 Rupees, Signed by C. Rangarajan, Error: Printed fold & butterfly error, approx. 5% extra paper at left leaving unprinted area on the reverse in butterfly form, unprinted portion of reverse is printed on the obverse on extra paper, B Inset, S. No. 53R 626921, pin holes, minor folds, AUNC, Scarce.