Is 10 rupee coins acceptable?

1 Min Read
Is 10 rupee coins acceptable?

The government has responded to questions Is 10 rupee coins acceptable?

The legal tender, with Minister of State for Finance Pankaj Chaudhary, confirming that they are. According to Chaudhary, complaints have been received from the public from time to time that the coins are not being accepted, leading to misconceptions and fears.

10 rupee coins acceptable
10 rupee coins acceptable

To address this, the Reserve Bank of India (RBI) has issued press releases urging people to use the coin without hesitation. Furthermore, a nationwide SMS awareness campaign and print media campaign were also undertaken to increase the acceptance of the coins.

The RBI has also stated that all 14 designs of the ₹10 coins are valid and legal tender for transactions, despite certain traders being hesitant to accept them. The coins, minted under the authority of the Government of India and circulated by the RBI, have distinctive features to reflect various themes of economic, social, and cultural values.

The RBI has asked banks to accept the coins for transactions and exchanges at all their branches.

Read Also: RBI stops circulation of Rs 2000 notes

Share this Article
Leave a comment