Mumbai: Rs 10 coins are legitimate, reiterates RBI

Updated: Feb 03, 2018, 14:08 IST | Gaurav Sarkar | Mumbai

RBI reiterates legal tender status of ten-rupee coins of different designs

Representation pic
Representational pic

The RBI recently reiterated legal tender status of Rs 10 coins of different designs, after it came to their notice that in certain places there was a growing reluctance on part of traders and members of the public to accept these coins due to suspicion over their genuineness. In a recent press release, the RBI stated that they put into circulation these coins minted by mints, and that they are under the Government of India.

It added that since coins have a longer life, those of different designs and shapes keep circulating in the market. "So far, the RBI has issued Rs 10 coins in 14 designs, and the public has been informed of their distinctive features through press releases. All are legal tender." On November 20, 2016, it had issued a press release, requesting public to continue to accept Rs 10 coins as legal tender in all their transactions without hesitation.

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