RBI Reiterates Legal Tender Status of ₹10 Coins of Different Designs

It has come to the notice of the Reserve Bank that in certain places of Andaman and Nicobar Islands there is some reluctance on the part of few traders and members of the public to accept ₹10 coins.

Reserve bank clarified that the Bank puts into circulation, the coins minted by 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. As coins have longer life, coins of different designs and shapes circulate in the market at the same time. All these coins are legal tender and can be accepted for transactions. Therefore, members of the public may continue to accept coins of ₹10 denomination as legal tender in all their transactions without any hesitation.

Banks have also been advised to ensure adequate supply of coins as also to accept coins for transactions and exchange at all their branches.

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