Why is 10 RS coin not accepted in Bangalore?

In spite of issuing clarifications by Reserve Bank of India and Government Ministers, in unambiguous words, a ten rupee coin is not accepted in Bengaluru and some other parts of Karnataka. Small traders have stopped accepting the coin, even when the banks were accepting them. …

Is 10 RS coin valid or not in Pakistan?

As per instructions of State Bank of Pakistan (SBP) the old design banknotes of Rs. 10, 50, 100 and 1000 will cease to be legal tender with effect from December 01, 2016.

Can we exchange 10 RS coin bank?

The central bank then clarifies on the recorded voice message that the Rs 10 coins in issued in 14 designs are all legally valid for transaction. All these coins are legal tender and can be accepted for transactions,” the apex bank noted.

Are coins banned in India?

Currently, there is no regulation or any ban on the use of cryptocurrencies in the country. Crypto coins like Bitcoin, Ethereum, Dogecoin, Shiba Inu are among the popular cryptocurrencies which are known to all.

Who designed first coin of Pakistan?

Pakistan’s first coin was issued in 1948 depicting crescent and star, until then and even for later some time Pakistan used Indian currency with some modifications including Pakistani stamp. The first coin was made of nickel and designed by Brandley.

Who issue the coins in Pakistan?

SBP has also issued commemorative coins on occasions such as Father of the Nation Quaid-e-Azam Muhammad Ali Jinnah’s Birth Anniversary, Islamic Summit, Wild Life Conservation day, Poet of the East Allama Iqbal’s Birth anniversary, Advent of 15th century Hijra etc.

Is 50p coin banned 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.

Is Rs 10 coin banned in India?

RBI said the Rs 10 coin was very much in circulation and those refusing to accept it could face legal action.( ) The Reserve Bank of India on Tuesday said the Rs 10 coin was very much in circulation and those refusing to accept it could face legal action, setting to rest rumours that the coin was banned.

Is Rs 10 coin legal in metrolife?

All 14 types of the Rs 10 coin issued so far are legal, the RBI has confirmed. Metrolife did a reality check on Friday, visiting government-run and private organisations to check how widely the coin was accepted.

Where are R10 coins minted in India?

In June, the RBI issued a new R10 coin, six years after it was introduced. Coins are minted at four government mints in Mumbai, Kolkata, Noida and Saifabad and Cherlapally in Hyderabad.

Did BMTC bus conductor reject Rs 10 coin?

The BMTC bus conductor had no problem in accepting the coin. When the reporter handed him the coin, he just asked if she had exact change (Rs 5), but later accepted Rs 10 coin and returned Rs 5. A reporter visited the Indira Canteen at Kadirenahalli Cross, Uttarahalli.