All Rs 10 coins are legal tenders and acceptable: RBI

All Rs 10 coins are legal tenders and acceptable RBI

All Rs 10 coins are legal tenders and acceptable RBI

The RBI has clarified that all 14 designs of Rs 10 coins are valid and legal tender.

Taking notice of the reluctance on part of people to accept some Rs 10 coins, the Reserve Bank of India has indicated everyone to consider every Rs 10 coin as genuine.

The central bank clarifies that since currency coins have longer life, so coins of different designs and shapes circulate in the market at the same time. "These coins have distinctive features to reflect various themes of economic, social and cultural values and are introduced from time to time", the apex bank said in a statement.

The Reserve Bank, which has so far, issued fourteen designs of the Rs. 10 coins has shared that these are distinctive, yet are legal tender and are to be accepted for transactions.

The clarification by the bank comes amidst reports surfacing that the traders and businesses are hesitant in accepting coins as legal tender suspecting the validity and originality of the coin.

The oldest Rs. 10 coin was issued on March 26, 2009.

It has also asked banks to accept coins for transactions and exchange at all their branches.

The RBI's latest Rs 10 coin was released on June 29 2017 and commemorates the 150th birth anniversary of Shrimad Rajchandra with his portrait in the centre of the coin.

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