how to get coins from rbi
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 mintmark is featured at the bottom on the obverse of the ₹10 coin. [6]
Although the RBI has the power to print Indian currency, the government still has the final say on a majority of the Reserve Bank’s actions. For example, the government decides which denominations are printed and the design of the banknotes, including the security features. The Reserve Bank has the right to print currency up to 10,000 rupee notes. However, if the Reserve Bank wants to print anything higher, the government must amend the Reserve Bank of India Act. In addition, when the Reserve Bank estimates the demand for banknotes each year, it must file a written request that government officials must sign off on before printing. When making these final decisions, government officials rely heavily on advice from the Reserve Bank senior staff.
The Reserve Bank of India (RBI), headquartered in Mumbai, India, manages currency in India. The bank’s additional responsibilities include regulating the country’s credit systems and using monetary policy to establish financial stability in India. Before 1934, the government of India had the responsibility of printing money. However, RBI was granted its role in currency management on the basis of the Reserve Bank of India Act in 1934. Specifically, Section 22 of the RBI Act gives the bank the authority to issue currency notes. The Reserve Bank of India has printing facilities in Dewas, Mysore, and Salboni.
It said coins have distinctive features which are being introduced from time to time with various themes — economic, social and cultural, in order to meet the transaction needs of public.
Currently, coins of 50 paise, Rs 1, Rs 2, Rs 5 and Rs 10 denomination of various sizes, theme and design are in circulation.
Выполните вход, чтобы сообщить о неприемлемом контенте.
HOW TO BUY 150 RS COIN OF SHRIMAD RAJCHANDRA JI
HOW TO BUY 150 RS COIN , 350 Rs Coin , 100 Rs Coin 1000 rs coin 500 rs Coin | Full Booking Process
The values of the subdivisions of the rupee during British rule (and in the first decade of independence) were:
The Indian rupee (sign: ₹; currency code: INR) is the official currency of India. The rupee is subdivided into 100 paise (singular: paisa), though as of 2019, coins of denomination of 1 rupee is the lowest value in use. The issuance of the currency is controlled by the Reserve Bank of India. The Reserve Bank manages currency in India and derives its role in currency management on the basis of the Reserve Bank of India Act, 1934.
References:
http://www.investopedia.com/ask/answers/090715/who-decides-when-print-money-india.asp
http://m.economictimes.com/markets/stocks/news/rbi-says-all-coins-must-be-accepted-as-legal-tender/articleshow/69962879.cms
http://m.youtube.com/watch?v=pHFfQRp-hJw
http://en.m.wikipedia.org/wiki/Indian_rupee
http://en.m.wikipedia.org/wiki/Indian_10-rupee_coin