All designs of Rs 10 coin are legal tender, RBI reiterates
Follow UsThe Reserve Bank of India reiterated Wednesday that the Rs 10 coins it has issued of various designs are legal tender.
The RBI has so far issued Rs 10 coins in 14 designs.
#FLASH Reserve Bank of India (RBI) reiterates legal tender status of Rupees 10 coins of different designs
— ANI (@ANI) January 17, 2018
"So far, the Reserve Bank has issued Rs 10 coins in 14 designs and public has been informed of their distinctive features. All these coins are legal tender and can be accepted for transactions," the RBI said.
So far, the Reserve Bank has issued Rs 10 coins in 14 designs & public has been informed of their distinctive features. All these coins are legal tender and can be accepted for transactions: Reserve Bank of India (RBI)
— ANI (@ANI) January 17, 2018
There had been reports earlier of people refusing to accept the new coins, because of rumours that they were not legal tender.
Shopkeepers, vendors, bus conductors, and even railway counters have reportedly rejected some of the 10-rupee coins saying that only the coins with the rupee symbol on them are legal tender. (As have panhandlers.)
There had also been reports of people going to their banks to exchange the coins in return for notes.
The issue reportedly started with Prime Minister Narendra Modi announcing his demonetisation in November 2016.