All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank India (RBI) said on Wednesday amid reluctance by certain traders to accept the coins.
“It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept Rs 10 coins due to suspicion about their genuineness,” the RBI said while reiterating legal tender status of the coins of different designs.
Know what the RBI said:
Since currency coins have a longer life, so coins of different designs and shapes circulate in the market at the same time.
There are a total of 14 types of Rs 10 coins issued by the RBI.
The coins are made in mints 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.
The central bank has advised all banks to accept coins for transactions and exchange at all their branches.
The oldest Rs 10 coins were issued on March 26, 2009, and since then many versions of the coin have been issued. The latest Rs 10 coins were released on June 29, 2017.
All 14 types of Rs 10 coin valid, legal tender: RBI
“It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept Rs 10 coins due to suspicion about their genuineness,” the RBI said while reiterating legal tender status of the coins of different designs.
Know what the RBI said:
Since currency coins have a longer life, so coins of different designs and shapes circulate in the market at the same time.
There are a total of 14 types of Rs 10 coins issued by the RBI.
The coins are made in mints 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.
The central bank has advised all banks to accept coins for transactions and exchange at all their branches.
The oldest Rs 10 coins were issued on March 26, 2009, and since then many versions of the coin have been issued. The latest Rs 10 coins were released on June 29, 2017.
All 14 types of Rs 10 coin valid, legal tender: RBI
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