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RBI reiterates legal tender status of Rs 10 coins of different designs

By Chennabasaveshwar
|

The Reserve Bank of India (RBI) on Wednesday reiterated that Rs 10 coins issued in 14 designs are legal tender and can be accepted for transactions. RBI issued a fresh statement since it has noticed that in certain places there is reluctance on part of traders and members of the public to accept ₹ 10 coins due to suspicion about their genuineness.

RBI reiterates legal tender status of Rs 10 coins of different designs

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.

RBI further stated that as coins have a longer life, coins of different designs and shapes circulate in the market at the same time. So far the Reserve Bank has issued ₹ 10 coins in 14 designs and the public has been informed of their distinctive features through Press Releases (list appended). All these coins are legal tender and can be accepted for transactions.

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