All the 14 designs of Rs 10 coin are valid and legal tender : RBI

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 ₹ 10 coins due to suspicion about their genuineness.

All the 14 designs of Rs 10 coin are valid and legal tender for transactions, the Reserve Bank said today amid reluctance by certain traders to accept the coins. “It has come to the notice of the Reserve Bank that in certain places there is reluctance on the part of traders and members of the public to accept Rs 10 coins due to suspicion about their genuineness,” the RBI said while reiterating the legal tender status of coins of different designs.

 

The Reserve Bank has in the past also issued a Press Release (November 20, 2016) requesting members of the public to continue to accept coins of ₹ 10 denomination as legal tender in all their transactions without any hesitation.

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1 thought on “All the 14 designs of Rs 10 coin are valid and legal tender : RBI

  1. Greetings! We bankers know that the rs10 coins r genuine legal tender.Its the public who need to be eductaed that its legal tender.No one is accepting the rs 10 coins .It would have been better to hold back rs10 notes so that the public will get used to these coins instead of issuing new rs 10 notes Again all the coins will be lying unused unissued in our lockers since no one wants to use it .And most are being deposited back in the banks upto rs 1000 as per guidance issued by RBI

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