Many people have stopped using small value coins due to confusion about their validity. The central bank has now issued a clear message to settle the matter.
The Reserve Bank of India has confirmed that coins of 50 paise, 1 rupee, 2 rupees, 5 rupees, 10 rupees and 20 rupees remain fully valid and legal for all transactions. The bank stated that none of these coins has been demonetised and there are no restrictions on their use.
To counter false information, the RBI released awareness videos that were shared with citizens through WhatsApp. These videos clearly highlight that all coins currently in circulation can be used without hesitation. The central bank also urged shopkeepers and traders to accept these coins as they continue to be legal tender.
Under its public awareness campaign titled RBI Kehta Hai, the bank said, “Do not believe in rumours about coins. Different coin designs of same value stay in circulation for a long time. All of them are acceptable.”
The videos show everyday transactions where people try to pay using coins but are told that the coins are no longer accepted. The initiative aims to remove this confusion and encourage people to continue using coins confidently for cash payments.
In a separate statement, the RBI explained, “Coins have distinctive features to reflect various themes of economic, social and cultural values and are introduced from time to time.” The bank added that even older designs of coins remain valid and must continue to be accepted for transactions.
The central bank also clarified that refusal to accept legal coins is not correct and goes against existing rules. Citizens have been advised not to believe rumours circulating on social media or word of mouth.
With this clarification, the RBI aims to ensure smooth cash circulation and prevent inconvenience to the public caused by the rejection of valid coins.
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