Watch List notes:

Republic India, Error 50 Rupees, Signed by R. N. Malhotra, Error: Sheet fold printing or Butterfly error, approx. 20% extra paper at right leaving the unprinted area on the reverse in butterfly form, an unprinted portion of reverse is printed on the obverse on extra paper, S. No. 4WN 952955, folds, stains, pinholes, graffiti, about very fine, Rare.