So, if you have 10 rupee coins with you or if you are planning to use them in the market, it is a news for you. Actually, it is a new guideline issued by the central bank of the country, RBI, concerning 10 rupee coins. Reserve Bank of India’s guidelines have really clarified whether the circulation of 10 rupee coins shall continue in the market.
If you too are facing problems regarding the use of 10 rupee coins, it thus becomes essential to understand whether the 10 rupee coin is valid or illegal in all respects by RBI. So, putting aside all worries and issues, RBI has made it clear that the 10 rupee coin is completely valid currency.
The fact, however, appears to be that at several places, shopkeepers and drivers refuse to take the 10 rupee coin, due to which the people face great inconvenience.
What does RBI say about the 10 rupee coin
Actually, Reserve Bank of India has very clearly said that 1 rupee, 2 rupee, 5 rupee, 10 rupee and 20 rupee coins are completely valid under Indian currency, and they keep circulating in the market.
Although the designs of these coins can be changed from time to time, but these coins are completely valid and their circulation will not be affected. RBI has said that till now coins of 25 paise and less have been withdrawn from circulation.
What to do if someone refuses to accept a 10 rupee coin
If a shopkeeper or a driver refuses to accept 10 rupee coins, then he can be complained against. There is a provision for this under the Indian Penal Code. It is defined as legal offense under Indian Penal Code Sections 489 (A) to 489 (E) and the Currency Act. You can complain to the police here. Furthermore, you may contact the National Crime Investigation Bureau also.
