how to get 10 rs coin from rbi
6. In a statement issued on November 20, 2016, the RBI had said that there are two distinct Rs. 10 coins, one with rupee symbol and the another without rupee symbol. Both of them are legal tender and equally good for transactions, though they may look a little different.
While there is still a section of people who refuse to accept Rs 10 coins believing them to be fake, India’s central bank, Reserve Bank of India, set the record straight recently saying that all Rs 10 coins currently under circulation are genuine and legitimate. Not leaving anything for speculation, the banking regulator mentions that this is a total of 14 categories of Rs 10 coins currently in circulation.
All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank of India said today.
Inspired by a film, a candidate from Latur Assembly seat in Maharashtra paid the poll deposit amount in Rs 10 coins to highlight the fact that the coin is not being accepted as money by local traders.
Not only the Rs 10 coin faced rejection in circulation but also the newly minted Rs 1 coin is facing unauthorized demonetization in some parts of the country as well. For rupee ten coin, RBI previously issued notice for it being the valid currency and warned people about facing legal action for rejecting such coins.
He further added, “The same is true for the banks. If I want to deposit hundred Rs 10 coins valuing ten thousand, the banks reject it by saying bluntly that they do not accept such large number of coins. Because of banks’ actions, the local shop owners start to reject the coin by giving support to the false claims of the wholesalers for the coin being fake. And the cycle goes on and on.”
As coins remain in circulation for a longer period, coins of different designs and shapes circulate at the same time, the RBI said.
Mumbai: The Reserve Bank of India (RBI) Wednesday asked the public, casting aside their doubts, to continue accepting coins of various denominations pumped into circulation regularly.
The reverse face of the coins will have their denominational values written in international numerals. The Rupee symbol will be placed above this denominational value. The denomination of the coin will be written in words, in Hindi on top right and in English on the top right and bottom right peripheries of the reverse face. For example, the Rs 20 coin will have ‘Bees Ruapye’ in Devenagri script and ‘Twenty Rupees’ written on its back. The year of minting in international numerals shall be shown on centre of left periphery of the coin.
Features of new Rs 20 coin