is 10 rupee coin banned in india

is 10 rupee coin banned in india

The mintmark is featured at the bottom on the obverse of the ₹10 coin. [6]
The Indian 10-rupee coin ( ₹ 10) is a denomination of the Indian rupee. The ₹10 coin is the highest-denomination coin minted in India since its introduction in 2005. The present ₹10 coin in circulation is from the 2019 design. However, the previous ₹10 coins minted before 2019 are also legal tender in India. All ₹10 coins containing with and without the rupee currency sign are legal tender, as stated by the Reserve Bank of India. Along with the standard designs, there are 21 different designs for this denomination and are minted as circulating commemorative coins, this is used alongside the 10 rupee banknote.

Is 10 rupee coin banned in india
“It is clarified that the Reserve Bank puts into circulation, the coins minted by mints, which are under the Government of India. These coins have distinctive features to reflect various themes of economic, social and cultural values and are introduced from time to time,” the press release said.
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Is 10 rupee coin banned in india
It also added, It has come to the notice of the Reserve Bank of India that in certain places there is reluctance on part of traders and members of the public to accept Rs 10 coins due to suspicion about their genuineness.
A local shop owner in Sitapur said, “I had started to take the coins from the public but soon after that all I received were the ten rupee coins only while no one wanted to receive the coin from my end. Some said it was fake or some said no one else accepts it.”

Is 10 rupee coin banned in india
“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.
The Reserve Bank of India on Tuesday said the Rs 10 coin was very much in circulation and those refusing to accept it could face legal action, setting to rest rumours that the coin was banned.

Is 10 rupee coin banned in india
Rs. 10 coin fake, Rs. ten coins banned in India, how to identify fake ₹ 10 Rs. coin
RBI

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.indiatoday.in/education-today/gk-current-affairs/story/all-14-types-of-rs-10-coin-are-legal-tender-rbi-1148376-2018-01-18
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