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All 14 Designs Of Rs 10 Coin Are Valid And Legal - RBI

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| January 17 , 2018 , 20:00 IST

The Reserve Bank of India on Wednesday reiterated that all 14 designs of Rs 10 coin are valid and legal tender for transactions.

In a press release RBI says, “It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept Rs 10 coins due to suspicion about their genuineness.”

“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 added

As per the release, coins of different designs and shapes circulate in the market at the same time as coins have longer life. So far the Reserve Bank has issued Rs 10 coins in 14 designs and all these coins are legal tender and can be accepted for transactions.

Also Read: NWI Exclusive Reality Check: Rs 10 Coins Are Not Fake!

The Reserve Bank had earlier issued a Press Release in November 2016, requesting people to continue to accept coins of Rs10 as legal tender in all their transactions without any hesitation and advised banks to accept coins for transactions and exchange at all their branches.