RBI has issued clear guidelines regarding ₹ 10 coins. Not accepting them is a violation of the Indian Currency Act. If this happens to you, you can take legal action. It is very important to spread awareness among people about the validity of coins.
The Reserve Bank of India (RBI) has recently issued a new guideline regarding ₹ 10 coins. If you have ₹ 10 coins and you are facing problems while using them, then it is very important to know that according to RBI, this coin is a completely valid currency. In many places, shopkeepers and drivers refuse to accept it, causing inconvenience to the people.
Problems related to ₹ 10 coin in the market
When you buy goods in the market or want to pay for a service, the common complaint about ₹ 10 coins is that shopkeepers or service providers consider them fake or out of circulation. However, this notion is completely wrong. RBI has clarified that the ₹ 10 coin is valid and not accepting it is a violation of the Indian Currency Act.
RBI’s official position on ₹10 coin
RBI has clarified that ₹1, ₹2, ₹5, ₹10 and ₹20 coins are fully valid in Indian currency. The designs of these coins may change from time to time, but it does not affect their validity. So far, only coins of 25 paise and less have been removed from circulation.
What to do if ₹10 coins are refused?
If a shopkeeper or service provider refuses to accept ₹10 coins, you can complain against him. This is a legal offense under sections 489(A) to 489(E) of the Indian Penal Code and the Currency Act. For this, you can lodge a complaint at the local police station or contact the National Crime Investigation Bureau.
Importance of awareness on the validity of coins
There are misconceptions among people about the validity of coins. The reason for this is the rumors spreading in the market and lack of awareness. It is important to understand the guidelines issued by the RBI and make them available to everyone. This information will not only help you, but will also empower others.