Those who have 10 rupee coins beware.. 3 years imprisonment is guaranteed!
This report highlights the reluctance to accept Rs. 10 coins in India and the resulting problems. Although legal tender, rumors and doubts cause many to avoid using this denomination, leading to issues between businesses and the public.
Follow10 Rupees Coin Issues
A recent report highlights the ongoing issues surrounding the acceptance of Rs. 10 coins in India. Shops and individuals are refusing the coins.
Rs 10 Coin Hesitancy
This reluctance is fueled by rumors about their legal status and complaints regarding their size and weight. Issues persist in Tamil Nadu.
RBI and Coin Acceptance
Notices warn of a three-year jail sentence for refusing the coins, based on the Indian Coinage Act of 1906.
Legal Cases of Non-Acceptance
Legal cases exist where shopkeepers faced consequences. Similar issues are reported across India, including Goa and Himachal Pradesh.
RBI Assures Coin Validity
Despite signs of progress, challenges remain as public perception evolves. The RBI assures the public of the coin's validity.
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