Explorer

RBI reiterates legal tender status of Rs 10 coins

New Delhi [India], Jan 17 (ANI): The Reserve Bank of India (RBI) on Wednesday reiterated the legal tender status of Rs. 10 coins of different designs.

The apex bank said that it has noticed a reluctance on the part of traders and members of the public to accept Rs. 10 coins owing to suspicion about the genuineness of the currency.

"It is clarified that the Reserve Bank puts into circulation the coins minted by mints which are under the Government of India. These coins have distinctive features to reflect various themes of economic, social, and cultural values and are introduced from time to time," a notification from the RBI read.

"As coins have a longer life, coins of different designs and shapes circulate in the market at the same time," the notification added.

So far the RBI has issued Rs. 10 coins in 14 designs and the public has been informed of their distinctive features.

All these coins are legal tender and can be accepted for transactions.

The Reserve Bank in November 2016 had issued a release requesting members of the public to continue to accept coins of Rs. 10 denomination as legal tender in all their transactions without any hesitation.

The RBI has also advised banks to accept coins for transactions and exchange at all their branches. (ANI)


This story has not been edited. It has been published as provided by ANI

View More
Advertisement
Advertisement
25°C
New Delhi
Rain: 100mm
Humidity: 97%
Wind: WNW 47km/h
See Today's Weather
powered by
Accu Weather
Advertisement

Top Headline

Another Blow To Congress As I-T Dept Serves Rs 1,700-Crore Notice Ahead Of Lok Sabha Elections: Report
Another Blow To Congress As I-T Dept Serves Rs 1,700-Crore Notice Ahead Of Lok Sabha Elections
Lok Sabha Polls 2024: JD(S) Announces Candidates For 3 Seats; HDK To Contest From Mandya
Lok Sabha Polls 2024: JD(S) Announces Candidates For 3 Seats; HDK To Contest From Mandya
Arvind Kejriwal Arrest: UN Steps In As Case Against Delhi CM Heats Up Ahead Of Lok Sabha Elections
Arvind Kejriwal Arrest: UN Steps In As Case Against Delhi CM Heats Up Ahead Of Lok Sabha Elections
'My Father Was Given Slow Poison': Son Umar On Mukhtar Ansari's Death
'My Father Was Given Slow Poison': Son Umar On Mukhtar Ansari's Death
Advertisement
for smartphones
and tablets

Videos

Mukhtar Ansari Death: Gangster Turned Politician Passes Away From Cardiac Arrest  | ABP NewsMukhtar Ansari Death: Akhilesh Yadav slams state govt over law & order, calls it 'govt anarchy'Mukhtar Ansari Death: Deceased gangster's family reaches Allahabad High Court | ABP NewsMukhtar Ansari Death: Post mortem to begin soon amid heavy security, watch ground report | ABP News

Photogallery

Embed widget