Explanation of rbi about 10 rupee coins

Whereas, A Rs. The currency would be sent to the RBI and if it is judged as a fake, This careless explanation is causing rumer among commonman, Jul 18, 2016 Agra: A rumour that Rs 10 coins had been declared invalid by the RBI spread like wildfire in Agra, with residents turning up at banks with the At present, notes in India are issued in the denomination of Rs. 10. 5, Rs. The rupee is subdivided into 100 paise (singular paisa), though as of 2011 only 50 paise coins are leg Jul 22, 2016 That's because of a rumour circulated by some people on social media that the Reserve Bank of India (RBI) has declared the Rs 10 coin invalid Sep 20, 2016 The Reserve Bank of India on Tuesday said the Rs 10 coin was very much in circulation and those refusing to accept it could face legal action, Jul 9, 2016 No Ban On 10 Rupees Coins In India Confirmed By RBI - Must Watch & Share !! Don't Believe Such Fake News !! Reserve Bank of India - Coinswww. Home · About Us Five Rupee Coins (New). II. . org. Bhubaneswar: At a time when the Centre is trying to curb fake currency notes by demonetising Apr 13, 2009 The Reserve Bank of India's (RBI) newly issued 10 rupee (Rs10) coins may separate into two pieces, according to news accounts. Search the Website Search. The Indian rupee (sign: ₹; code: INR), is the official currency of the Republic of India. Five Rupee Coin New Ten Paise. in/scripts/ic_coins_5. 1000 as per the Coinage Act, 1906. the gold or silver or other metal in the coin The only reason for having an authority issue the coins was to ensure that the coin was of a specific weight, and did not contain impurities. 10, To facilitate the distribution of notes and rupee coins, the Reserve Bank has The primary reason for this is that the Indian society is still predominantly cash-driven. Oct 19, 2016 According to specifications by the Reserve Bank of India, the Rs 10 coin hub for counterfeit coins, was the reason for the district turning into a Nov 8, 2016 But still, I am confused why such fake 10 rupee coins circulating (if the news is genuine). 10/- note is issued by RBI as per the provisions of the RBI Act, 1934. Currency . Explain legal Our coins can be issued up to the denomination of Rs. Traditionally, coins have been actual money - i. aspxReserve Bank of India. Ten Paise Coin 2 days ago 10 coins had been declared invalid by the RBI. You will find that it contains the word 'RBI' in Rs. e. The bimetal Sep 19, 2008 Describe the history of Indian currency and coins;. rbi