rs 10 coin released by rbi in which year
4. In April this year, RBI had released a Rs. 10 coin to commemorate the one hundred twenty five years of National Archives of India. This face of the coin bears the image of National Archives Building in the centre.
3. In the past also, the RBI had issued a statement on November 20, 2016 exhorting the members of the public to continue to accept coins of Rs. 10 denomination as legal tender in all their transactions without any hesitation.
While states like Uttar Pradesh have such immense number of coins in the circulation that every month or two, there surfaces a rumour which tends to cut them off the circulation, other states face a shortage of the coins. However, in recent times, the shortage in other areas has improved.
On Wednesday, RBI again confirmed the legal status of all 14 types of Rs 10 coin issued by it. The move came after RBI received multiple reports about these coins being rejected as being fake during transactions.
Sana Sikander, who commuted by auto-rickshaw, recalls an unfavorable incident. “I boarded the auto but the driver did not accept the coin and began arguing. I raised the issue with the authorities but haven’t heard from them,” she recalls.
An official from Bank Employees’ Federation of India advised that “People who have too many Rs. 10 coins can go to the RBI exchange counter and get it exchanged. They can also visit the nearest bank and deposit it into their account.”
India News | Edited by Richa Taneja | Wednesday January 17, 2018
Kolkata News | Press Trust of India | Tuesday November 15, 2016
Apart from the Rs 20 coin, rest of the new coins will be introduced in open markets along with the existing coins of the same denomination. Both versions will remain legal tender.
The new Rs 10 coin weighs 7.74 grams. It will have a diameter of 27mm and 100 serrations on its edge. Similar to the Rs 10 coin in circulation, the new series coin will also have two rings. The outer ring will be made of nickel brass, similar in composition to the new Rs 5 coin with 75 per cent copper, 20 per cent zinc and 5 per cent nickel. The inner ring will be made of nickel silver, which will contain 65 per cent copper, 15 per cent zinc and 20 per cent nickel.