RBI clarifies – All Rs 10 coin valid, legal tender

RBI clears all the doubt related to Rs 10 coin validity by stating i.e. “All the 14 designs of Rs 10 coin are valid and legal tender for transactions”.The Reserve Bank of India (RBI) reiterated the legal tender status of all ten rupee coins issued. There were many states in India where complaint were made on non acceptance of Rs 10 coinsand rejected during transactions.

The RBI has also dictated the bank’s branches to accept coins for transactions and exchange.

RBI statement clearly clarify that “So far, the Reserve Bank of Indian has issued Rs 10 coins in 14 designs and public has been informed of their distinctive features. All these coins are legal tender and can be accepted for transactions. The coins minted by the government mints have distinctive features to reflect various themes of economic, social and cultural values and are put into circulation from time to time.”

The Reserve Bank is also issuing the Rs 10 bank notes shortly. he new note will be issued under existing Mahatma Gandhi series and will carry a motif of Konark Sun Temple on the reverse side. 


We will be happy to hear your thoughts

      Leave a reply

      AskBanking - Banking FAQs & Support Blog