Did you ever try to give an auto-wallah a Rs 10 coin and he denied from taking it? If yes, then he might be in for some legal action. Putting rumours around the Rs 10 coin at rest, the Reserve Bank of India on Tuesday said that the coin was very much in circulation and those who refuse to accept it, could face legal action.
Refuting claims about the coins being invalid, RBI spokesperson Alapana Kilawala said that nothing of that sort happened and that people should not hesitate Rs 10 coins for transactions as these coins are legal tender.
Rumours had it that some counterfeit coins in two designs had flooded the market, while others said that RBI had phased out the coins and those in circulation were fake.
A shopkeeper in Gurgaon says that nobody accepts Rs 10 coin as they believe they are fake. While an auto rickshaw driver in Delhi says that passengers would not accept the Rs 10 coins saying that they aren’t valid.
The RBI issued a new Rs 10 coin in June, after six years of introducing it. Coins are minted at four government mints in Mumbai, Noida, Kolkata and Saifabad and Cherlapally in Hyderabad.