10 rs coin banned or not

10 rs coin banned or not

The second design featured two horizontal lines. The coin featured the lettering “भारत” and “INDIA” on the top, with Lion Capital in the middle and year of printing at bottom on the obverse. The reverse of the coin featured 15 notches and numeral 10 in the middle and at below line the word Rupees in English and रुपये in Hindi was written. [3] [4]
The first ₹10 coin minted in 2005 had a diameter of 27 mm and featured the lettering “भारत” and “INDIA” on the top, with Lion capital with ‘Satyameva Jayate’ in Hindi below at left, and the date of mint below it on the obverse. On the reverse of the coin it featured the “Four heads sharing a common body” – cross with a dot in each quadrant in the center, with the lettering “दस रुपये” and “TEN RUPEES” on the outer ring. [1] [2]

10 rs coin banned or not
Several people have received SMS messages from RBI that reads: “Coins are available in different designs due to their long life. Accept them without fear…” Interestingly, to clear all confusion for once and for all, the message says to give a missed call to 14440, and instantly expect a call back from the Reserve Bank of India. The central bank then clarifies on the recorded voice message that the Rs 10 coins in issued in 14 designs are all legally valid for transaction.
Earlier this month, RBI had said that it will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. “The new denomination has motif of Sun Temple, Konark on the reverse, depicting the country’s cultural heritage. The base colour of the note is Chocolate Brown. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse,” RBI said in a press release.

10 rs coin banned or not
Got lots of Rs 10 coins you couldn’t use?
You could visit a bank and put them in your account, advise banking experts..
A reporter visited the Indira Canteen at Kadirenahalli Cross, Uttarahalli. The cashier accepted the coin without hesitation, and we enjoyed a plate full of puliyogare for lunch. It was yum!

10 rs coin banned or not
Some rumours said counterfeit coins in two designs had flooded the market. The others claimed the RBI had phased out the coins and those in circulation were fake. There was also talk of the gold polish coming off.
“Nothing of that kind has happened. We have not even thought of it,” RBI spokesperson Alpana Kilawala said. “People should not hesitate in using the coins for transactions as these coins are legal tender.”

10 rs coin banned or not
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.
Recently, fake news about Rs. 10 coins made waves on social media and WhatsApp that claimed an enormous number of fake coins had been dispensed in the market by Pakistani agency ISI. As anyone would expect it, this rumor fired a fury in the market, and the shopkeepers and vendors started to refuse the ₹ ten coins in the transaction. The condition went so worse that RBI had to come forward to issue a statement regarding this.

References:

http://www.financialexpress.com/money/worried-about-rs-10-coins-you-may-soon-get-a-phone-call-from-rbi-saying-all-is-well/1028589/
http://www.deccanherald.com/metrolife/metrolife-your-bond-with-bengaluru/10-rupee-coins-are-still-refused-by-many-743538.html
http://m.hindustantimes.com/business-news/rs-10-coin-is-valid-use-it-freely-says-rbi/story-NmJSkYK3ALym6uFetlV2SP.html
http://educationbhaskar.com/news/rs-10-coins-fake-banned/4634/
http://en.m.wikipedia.org/wiki/Indian_10-rupee_coin