This is an old One Rupee serial bundle — a packet of 100 consecutively numbered One Rupee notes kept in original serial order. The One Rupee note is issued by the Government of India and signed by the Finance Secretary, so older packets can carry earlier signatures and serial prefixes.
Collectors look for full One Rupee bundles because intact 100-note packets in original serial order are far scarcer than single circulated notes. A complete run with a clean prefix, a matching signature and crisp, uncirculated paper is prized for display and long-term holding, and older signature combinations add to the appeal.
What such a bundle is worth depends on its age, the signatory, the serial prefix and overall grade — top uncirculated packets command a premium over used ones. Coinbazzar lists verified One Rupee serial bundles so you can check the exact packet, its signature and condition before you buy.