rs 10 coin rbi
The RBI clarifies that since currency coins have longer life, so Rs 10 coins of different designs and shapes circulate in the market at the same time.
Business | NDTV Profit Team | Thursday February 22, 2018
The rumours of fake Rs 10 coin in circulation started the rejection of this coin. While some parts of the country accept the coin other do not. The public is of the view that big shop owners and banks are responsible for the rejection of rupee ten coins.
A local from Goa said, “There was an immense shortage of the coins a few months back. We were facing a lot of trouble because of the unavailability of coins for transactions. But for these four months, rupee ten coin is easily available and all types of these coins are accepted here.”
Anwar adds, “Now RBI says Rs. 20 coins are going to be introduced. But what are we supposed to do with the Rs 10. coins that we have accumulated?”
According to financial experts, the public believes rumors because of word-of-mouth and they hardly understand the guidelines.
1. There are a total of 14 types of Rs 10 coins issued by the RBI.
7. It has been reported that some less-informed or uninformed persons who suspect the genuineness of such coins are creating doubts in the minds of ordinary people including traders, shop-keepers, etc., impeding the circulation of these coins in certain pockets of the country causing avoidable confusion, RBI said.
Metrolife visited Malleswaram railway station and approached an official at the counter for a platform ticket.
‘We don’t accept it as it doesn’t circulate’