Newdelhi : Indian reserve bank clarified again that 10 denomination coin with 14 designs are legal tender. All banks have been instructed to receive and exchange these coins.
RBI issued this notification because there are reports that some merchants hesitating to accept 10 rs coins. No body shoud suspect the legality of 10 denomination coins.
All coins are worthy for use, the notification said. These coins minted at mints under the government of india. These coins have distinctive features to represent economic, socail and cultural values and are introduced from time to time the RBI said in astatement.
Though RBI clarified earlier that these coins are legal tender,the consution still prevailed. So RBI clarified again about the coin.