If you are not accepting 50 paise and 1 rupee coins in transactions then know this news once. Both these coins are valid currency like other coins. The Reserve Bank of India (RBI) has recently issued an important statement saying that 50 paise and Re 1 coins, like Rs 2, 5 and Rs 10 coins, are completely legal tender and can be accepted without any worries. RBI has appealed to citizens not to hesitate in accepting these coins as payment. This statement is important to remove confusion about the exact status of coins and their validity in the country.
Reserve Bank is making people aware
Actually, the Reserve Bank is continuously sending messages to the people regarding these coins. Making people aware. Earlier in some reports it was seen that there was hesitation among people regarding 50 paise and Re 1 coins, but now RBI has made it clear that these coins are as valid as higher denomination coins. That means now people can transact these coins without any fear and dilemma. Such complaints have been received from many areas across the country in which people avoid accepting 50 paise or Re 1 coins, which is not right.
There is confusion regarding Rs 10 coin
The Reserve Bank has said in its message that are you confused about coins with different designs? If yes, then know that even though coins of the same denomination have different designs, they remain in circulation together. All coins of 50 paise, ₹1, ₹2, ₹5, ₹10 and ₹20 are legal tender and remain in circulation for a long time. Don’t believe misinformation or rumors about coins. Feel free to accept them.
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