The RBI Offices, where Issue Department is functioning, offer the facility to members of the public to exchange their notes including soiled and mutilated notes and coins including uncurrent or worn out coins . The Bank is committed to provide exchange facility free of cost at its counters during business hours.
Read moreIs 50 paise coin legal in India?
Coins of All Denominations are Legal Tender – RBI It is clarified for the benefit of public that all coins including 25 paise and 50 paise coins are legal tender and will continue to be so.
Read moreWhen did India ban 50 paise?
On 30 June 2011 , when the 25 paisa and all other lower denomination coins were officially demonetised, the 50 paise coin became the lowest circulating denomination of the Indian rupee.
Read moreWhat coins are issued by RBI?
The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act. Coins in India are presently being issued in denominations of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees .
Read moreWhy coins are not issued by RBI?
In respect of coins, the role of RBI is limited to distribution of coins that are supplied by Government of India . The Government of India is responsible for the designing and minting of coins in various denominations as per the Coinage Act, 2011. 7.
Read moreIs 10 RS coin banned in India?
Rupee 10 coins are legal tender , says Government. Rs 10 coins being circulated by the Reserve Bank of India (RBI) in various themes, sizes and designs are legal tender. It can be used as legal tender in all transactions, according to the Central Government.
Read moreDo we have 20 rupee coin?
20 rupees: The face of the coin shall bear the Lion Capitol of Ashoka Pillar with the legend “Satyemev Jayate” inscribed below, flanked on the left periphery with the word “Bharat” in Hindi and on the right periphery with the word “INDIA” in English.
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