RBI clarifies all 14 designs of Rs 10 Coins are ‘Valid Legal Tender’

New Delhi: The Reserve Bank of India (RBI) today issued a fresh guidelines related to Rs 10 coin of Indian currency by saying that all the 14 designs on coins are totally valid and there is no need to develop any type of confusion.

 

 

The Apex bank issued this guideline to clear the confusion caused by certain traders that all 14 types of designs on the Rs 10 coin are valid and are legal tender.

 

 

This comes after certain traders raised questions over the ‘genuiness’ of the different variants of the Rs 10 coin and, hence, rejected them during transactions.

 

 

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

 

RBI issues guideline by saying all 14 designs are valid on Rs 10 coin:

 

The central bank clarified that it puts into circulation the coins minted by government mints. These coins are introduced time to time and have distinctive features to reflect on themes of economic, social and cultural values.

 

 

“So far the Reserve Bank has issued Rs 10 coin in 14 designs. All these coins are legal tender and can be accepted for transactions,” the RBI said.

 

 

It has also asked banks to accept coins for transactions and exchange at all their branches.

 

 

Meanwhile, RBI has already rolled out the new Rs 10 notes and these will be chocolate-brown in colour.

 

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