Value of 500 Rupees for different people in India...

We shuld post here how much does it value for us as different persons have different resources available at their disposposal. For me it is a big amount that will last me for full 12 hours.

Exactly. Depending upon the financial status of an individual, opinions vary.

Rs 500 is by no means a small amount, there have been times when I have managed 3-4 days with just 500 rupees in my purse , that is if there is no major expenditure involved like paying bills and buying petrol ! It seems like a pittance only when you have not worked to earn it..

It is quite a big amount and not a small one. With 500 rupees I can manage my kitchen nicely for 4-5 days without any hassles.

I count the five hundred rupee notes in my pocket before spending anything.  The smaller notes get spent soon. Sometimes it may happen that I have 100 Rs. notes valued even Rs. 1000/- or more.  But being in habit of considering only five hundred notes, I feel I have less money. 

For some if it is a fortune, for some it is no more than an amount for buying a branded under garment..

Kalyani Nandurkar wrote:

It is quite a big amount and not a small one. With 500 rupees I can manage my kitchen nicely for 4-5 days without any hassles.

Oh comon, you have to open your wallet for so many other things too. If you limit it to kitchen only, I can go on forever with this amount as my wife will not allow me to spend a rupee onthat.

It is point of opinion on the value of Rs. 500. It doesn't necessarily mean how many other things can Rs. 500 fetch.

suni51 wrote:

Kalyani Nandurkar wrote:

It is quite a big amount and not a small one. With 500 rupees I can manage my kitchen nicely for 4-5 days without any hassles.

Oh comon, you have to open your wallet for so many other things too. If you limit it to kitchen only, I can go on forever with this amount as my wife will not allow me to spend a rupee onthat.

Of course I have to buy so many other things that requires much more money than mere 500, but since the topic was only about the value of 500 I restricted to its utility for eating purpose. If we really wanted to be lavish, there are places where even 5000 or 50,000 would not be enough!

Exactly Kalyani. The topic is only about the value of Rs. 500.

I normally never keep much cash with me , since I pay all my grocery shopping and other major expenses through card ...So, having rs 1000 or Rs 500 suits me fine since I can manage the vegetables, fish and other expenses with that for a few days with that ..

That is exactly the point. The value of Rs. 500 is a pittance or a fortune has to be taken into consideration.

rambabu wrote:

Exactly Kalyani. The topic is only about the value of Rs. 500.

 

Does that mean a 500 rupee note has no value if I have to go to a restaraunt and pay trough my card? 500 is 500 you spend it on any thing. I get my car filled with 500 nd that is enough for me for 5 days.

Rs 500 is a big amount for me and I will spend it carefully, if it is the money earned by my own hard work. Otherwise,… again it is a big amount but I will spend it without thinking about its value. 

It depends on the place. In a five star it has no value but in a udipi hotel it will buy a lot.

And in a wayside Push cart eatery, it can buy a food that lasts for 3 days.

If you have lunch with our politicians at Parliament house you can really stretch your 500 rupees to almost a week..

The value of Rs. 500 is pittance in Mumbai. The same Rs. 500 in Rajnandgaon fetches foods worth Rs. 1000. Value varies from place to place.

But 500 rs are now much more in use indicating that the overall prices have gone up.

Despite the fact that 500 rupee are much more in use, this denomination retained its purchasing power in remote villages. In a nutshell, the value changes from place to place. Additionally, even if the person lives in a remote village with more spending habits like drinking,and buying things for vanity and show, the value of Rs. 500 is considerably will be reduced.