Watch List notes:

Republic India, 2021, Error 500 Rupees, Signed by Shakti Kanta Das, Error: Sheet fold printing & Cutting Error, Obverse 2nd layer printing missing error, 90% printing missing except designs, vignette, and serial numbers on the obverse, uneven paper cut, approx. 10% extra paper at the bottom right, the extra paper shows sheet margin with color code at the bottom, M Inset, S. No. 5DN 818933, folds, minor stains, torn, about very fine, Extremely Rare.