RBI to issue new coins of Rs 10 denomination

Image
Press Trust of India Chandigarh
Last Updated : Jan 25 2013 | 2:53 AM IST

The Reserve Bank of India will soon put new coins of Rs 10 denomination into circulation to felicitate its Platinum Jubilee.

The front face of the coins will have the Ashoka Pillar embossed in their centre, an RBI release said.

The reverse will bear the emblem of the Reserve Bank of India, a palm tree tiger, along with the year "1935-2010" below the emblem, it said.

Meanwhile, the RBI said the government of India, in exercise of powers conferred by Section 15-A of the coinage Act, 1906 (3 of 1906), has determined to call in from circulation coins of denomination of 25 paise and below with effect from June 20, 2011.  

From this date, these coins shall cease to be legal tender for payment, as well as on account.

Accordingly, such coins may be exchanged during working days and business hours at the authorised banks branches by July 1, 2011, after which they will not be accepted, it said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 07 2011 | 3:48 PM IST

Next Story