10 rs coin ban

10 rs coin ban

In July 2016, some shopkeepers in India were reported to be refusing to accept the ₹ 10 coin entirely, the result of a rumour circulating on social media. [9] [10] It was initially claimed that coins with a 15 notch reverse design lacking the ‘₹’ symbol were fake, compared to the 10 notch version using the symbol introduced in 2011.
This coin is rumored to be a fake one due to chaos on social media. However, the Reserve Bank of India (RBI) issued an official statement to address these rumors declaring that the old the design prior to 2011 is valid and is legal tender. [5]

10 rs coin ban
According to RBI as coins endure in the rotation for a greater period, it is pretty probable that coins of various designs and even shapes are circulating at the same time. One such modification is the introduction of ‘Rupee sign’ in currencies in July 2011. An example of this is the Rs 10 coin with rupee symbol and the same value coin without rupee symbol, it said, adding both of them are legal tender and equally valid for transactions, though they may look a little different. Still, if you find a doubtful coin, don’t panic and approach the nearby bank with the coins instead of verifying with someone or spreading rumors.
Many rumors or fake ₹ 10 coins news is getting viral in social media like Whatsapp, facebook, twitter, etc. Like Fake Rs 10 coin, rupees 10 coins are banned and govt. will issue new ₹ 10 currency. So people are not accepting the coins. Social media offers a huge platform to share information and spread awareness. However, viral worth of a particular piece of information is independent of its credibility. The Internet moves quickly and so does the rumor.

10 rs coin ban
“Nobody is accepting R10 coin. They say the coins are fake,” said Vishal, who works at a workshop in Gurgaon. Similar reports have come in from national capital region towns such as Faridabad, Noida and Meerut.
“Passengers do not want the Rs 10 coin. I try to reason with them but to no avail,” said Anurag Yadav, who drives an auto rickshaw in Delhi.

10 rs coin ban
Arun, owner of a bakery in Maruthisevanagar, refused to accept a Rs 10 coin. “My vendors and goods auto driver don’t accept it,“ he said. He finds the coins heavy, and difficult to count in large quantities.
A reporter took a bus ride from Baiyyapanahalli Metro station to Benniganahalli. The BMTC bus conductor had no problem in accepting the coin. When the reporter handed him the coin, he just asked if she had exact change (Rs 5), but later accepted Rs 10 coin and returned Rs 5.

10 rs coin ban
The Reserve Bank of India (RBI) has scotched rumours that fake 10-rupee coins are in circulation and asked people not to give in to such canards.
Выполните вход, чтобы сообщить о неприемлемом контенте.