Rupee coin

The British regular issue coin closest to the coin’s nominal value is the twenty pence coin. The coins were issued for commemorative purposes and were not intended for circulation, although they remain legal tender and must be accepted at Post Offices.

i) Limited legal tender. It is that money which no person can be forced to accept beyond a certain maximum limit fixed by law. For instance in India, coins are limited legal tender because coins of 5, 10, 20 and 25 paise can be accepted up to maximum sum of र 1000 as per Coinage bill passed on 11th Aug.

You are, therefore, once again advised to immediately direct all your branches to accept coins of all denominations tendered at their counters either for exchange or for deposit in accounts. 2. … A notice to this effect may be displayed suitably inside as also outside the branch premises for information of the public. 3.

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.

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.