Is Indian 10 Rs Coin Valid? Ranipet Collector Warns Shopkeepers
Rohini Ayyappan (Author) Published Date : Sep 10, 2024 14:57 ISTTamil Nadu
Rainpet Collector issued a warning stating if a shop refuses to accept 10 Rs coins or doesn’t recognize them as a valid currency, they could face legal action. This is expected to put an end to the growing 10 Rs issue across India.
Is 10 Rs Coin Valid?
The 10 Rs coins are valid and usable among people as it was legally authorized by the Indian government. In recent years, people started to believe that the 10 rs coins were invalid and refused to take them.
This 10 Rs coin issue created problems between the shopkeepers and the customers as many believed the coin was invalid. Even though clarifications are done by RBI (Reserve Bank of India) in terms that the coins are valid, people are still not ready to accept them.
The RBI has informed that the coins in the denomination of Rs. 10 and Rs 20 are legal tender and good for transactions. Many still wrongly assume that the money is invalid, especially in rural areas. Some people have even witnessed others refusing to accept Rs. 10 coins as change in buses or shops, leading to tension among people.
Ranipet Collector Warning:
In this particular case, the issue of the refusal to accept 10 Rs coins is being addressed by Ranipet Collector, DR. J. U. Chandrakala, I.A.S. She has issued a warning stating that shops refusing to accept these coins could face legal consequences for disregarding valid currency. This legal action is expected to solve the problems associated with the 10 Rs coin.
10 rupee coin And 20 rupee Coin:
The 10 rupee coin was first introduced in India in 2005, and the 20 rupee coin was introduced in 2019.
The first 10 rupee coin was issued in March 2009. The Reserve Bank of India (RBI) has issued 13 different versions of the 10 rupee coin since then. The current 10 rupee coin is from 2019, but all previous versions are still legal tender.
The 20 rupee coin was released in May 2020, though its release was originally scheduled for March 2020 but was delayed due to the COVID-19 lockdown. The 20 rupee coin is the highest denomination coin in circulation in India.
