Both older and newer Rs 10 coins are valid: RBI

Meanwhile, banking facilities returned to normalcy in Meghalaya with few people seen lining up banks and ATMs.

By: PTI | Shillong | Updated: November 21, 2016 10:36 pm
rbi, reserve bank of india, 10 rs coin, new 10 rs coin, india news, indian express, The RBI, however, clarified that from time to time coins were issued with little changes.

Amid confusion over the validity of Rs 10 coins, the Reserve Bank of India today asserted that all such coins were legal tenders. “The Reserve Bank of India advise members of the public not to give credence to such ill-informed notions and ignore them and continue to accept these (Rs 10) coins as legal tender in all their transactions without any hesitation,” RBI Principal Adviser Alpana Killiwala said.

Watch What Else Is Making News 

Meanwhile, banking facilities returned to normalcy in Meghalaya with few people seen lining up banks and ATMs. However, the claims of “non-validity” of Rs 10 coins by rumour mongers has created confusion in the minds of people. Some ill-informed or uninformed persons who suspect the genuineness of such coins are creating doubts in the minds of ordinary people including traders, shop-keepers etc, thus impeding the circulation of these coins in certain pockets of the country and causing avoidable confusion, Killiwala said.

Circulation of Rs 10 coins has been affected in the state following claims that these coins have been taken out of the market as was done to Rs 500 and Rs 1,000 notes. The RBI, however, clarified that from time to time coins were issued with little changes.

“One such change was introduction of ‘Rupee symbol’ in coins in July 2011. An instance of this is the `10′ coins with rupee symbol and the same denomination coin without rupee symbol,” the official said.

Killiwala said both are legal tender and equally valid for transactions though they may look a little different. Those refusing to accept the coins may face action, a police official said.

For all the latest India News, download Indian Express App

  1. M
    mahender
    May 1, 2017 at 6:04 pm
    please inform to report of 10 rupees coins all news channels no one's accepting coins please make sure explanation about this happen to public
    Reply
    1. R
      R tripathi
      Apr 22, 2017 at 12:20 pm
      In vrindavan Mathura Agra no body accept old coin
      Reply
      1. A
        Anoop meena
        Jan 10, 2017 at 3:02 am
        My village in shop not allowed to 10 coin. What will I do?
        Reply
        1. S
          Sudeep
          Jan 23, 2017 at 2:02 am
          Please do in form in television bcz no one receiving 10rupee coin even in Bangalore. No one can say to these people.
          Reply
          1. S
            Sunny
            Feb 4, 2017 at 9:25 am
            In Tamil Nadu Govt Buses are refusing to collect Rs 10.00 coins from the penger.lt;br/gt;The respective bus depo is not receiving from the conductor.lt;br/gt;Also local vendors / Shopkeepers are refusing to receive.
            Reply
            1. K
              kanthimathy natarajan
              Jan 14, 2017 at 10:35 am
              Friday I went to I.O.B. and Syndicate to deposit 10rs. Coins, they refused to take that.
              Reply
              1. S
                SARANYA
                Mar 2, 2017 at 12:54 pm
                SIR TODAY 02/03/2017 10 RUPEES COINS ARE NOT ACCEPTING IN CITY UNION BANK AVADI BRANCH FOR DEPOSIT .SO... WHAT TO DO ... ALL POOR PEOPLE ARE SUFFERING TO EXCHANGE THE 10 RUPEES COIN ITS MOSTLY AFFECTING IN CHENNAI.
                Reply
                1. J
                  Jagadeesh
                  Mar 12, 2017 at 3:57 pm
                  Hai sir today I punched water pack but the shopkeeper was not accept to taken the 10rs coin. Im argue to shopkeeper but he said to me so many people are telling me 10rs coins are not in use so don't take the cones already in paper.
                  Reply
                  1. Load More Comments