10 rs coin news

10 rs coin news

The fourth design of the ₹10 coin, minted since 2019, featured the Lion capital, the lettering “सत्यमेव जयते” in the center plug and the lettering “भारत” on left and “INDIA” on right on the outer ring. On the reverse side of the coin is the number 10 below the ₹ currency sign, the year of issue and eight stylized grain stalks. [8]
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 news
Reiterating that the Rs 10 coins can be accepted, the automated voice also directs the listeners to the Reserve Bank to India’s site to go through a press release. “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 ₹ 10 coins due to suspicion about their genuineness,” RBI said in a press release last week.
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.

10 rs coin news
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Hyderabad banks in predicament over Rs 10 coins, circulation takes a hit

10 rs coin news
So far, the Reserve Bank of Indian has issued Rs 10 coins in 14 designs and the 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.
Some parts accept the coin, some parts reject the coin. Some shop owners take it while some reject it. Sometimes the banks accept the coin, sometimes they do not deposit it. All of this has left the public in a continuous state of confusion over the rupee ten coin.

10 rs coin news
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.
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