RBI to issue new coins of Rs 10 denomination

Written by: Pti
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Chandigarh, Feb 7 (PTI) The Reserve Bank of India willsoon put new coins of Rs 10 denomination into circulation tofelicitate its Platinum Jubilee.

The front face of the coins will have the Ashoka Pillarembossed in their centre, an RBI release said. The reversewill bear the emblem of the Reserve Bank of India, a palm treetiger, along with the year "1935-2010" below the emblem, itsaid.

Meanwhile, the RBI said the government of India, inexercise of powers conferred by Section 15-A of the coinageAct, 1906 (3 of 1906), has determined to call in fromcirculation coins of denomination of 25 paise and below witheffect from June 20,2011.

From this date, these coins shall cease to be legaltender for payment, as well as on account.

Accordingly, such coins may be exchanged during workingdays and business hours at the authorised banks branches byJuly 1, 2011, after which they will not be accepted, it said.

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