Rajesh Bauji (Sanjay Mishra) is a man in his late 50s, living a dreary but eventful life in a small house in old Delhi with his extended family. The movie starts with Babuji narrating his dream where he sees himself flying like a bird free from all the worldly affairs. A random incident is going to change his life in a dramatic way, though he does not realise it at the moment. Bauji's daughter has been seeing a boy of ill repute. When that fact is revealed to the family, after much deliberation they decide to lock up the girl and go beat the willful boy.

When they confront the boy, to Babuji he seems like a very nice person. This event radically changes his life — he decides that he will believe only what he can see, hence the title Ankhon Dekhi. After a while, he refuses to worship god and treats prasad as just another sweet. He is working as a travel agent and refuses to book tickets to Amsterdam as he has never seen Amsterdam. To uphold his ideals, he quits his job. He resorts to a very idealistic mode and takes things to extreme levels to explore his theory. At first his neighbours consider him a lunatic old man, but over time they start admiring his logical reasoning and start following him.

Once while intervening a petty loan issue with a loan shark he refuses to believe the bad reputation of the shark. He concludes that he is a good person, based on his observation. He forms a rapport with the loan shark and is recruited by him in his illegal gambling den. His followers join.

 He gives consent to his daughter's marriage to the boy she loves and almost sorts out the emotional issues with his estranged brother.

 Now free from all responsibility, he leads a life where there are almost no blind spots and a lot of clarity. He takes his wife for a vacation.

 While chatting he narrates to his wife that he feels very light, like a bird flying in free skies. His wife jokes about his experience, inadvertently challenging his own theory that he doesn't know how a bird actually flies. In the middle of the night he walks towards a cliff. Babuji narrates his dream (as in the beginning of the story). He has yet to experience flying. As the film ends, Bauji is seen flying down a cliff.