Can coins be exchanged for cash

No there is no crime to keep antiques coins in India . You need to take permission but as per the Antiquities and Art Treasures Act, 1972′ deals with Antiques. 2. As per this act any manuscript, coin, sculpture, painting etc which dates back to 100 years and above is an antique.

First, you have to deposit the digital currency into an exchange and then demand a withdrawal . The broker will transfer your money to the same bank account which you would have used to buy the coins. The deposit is made in the same bank account due to money-laundering laws.

RBI advises the bank to accept the coins of every denomination . For mutilated and damaged notes RBI said the notes so presented shall be accepted, exchanged and adjudicated in accordance with Reserve Bank of India (Note Refund) Rules 2009.