Mumbai, May 31: The Reserve Bank of India has said that small coins of 5, 10 and 20 paisa continue to be legal tender and should be accepted by all concerned for payment and exchange. Though minting and issue of these coins has been stopped, they have not been withdrawn by Government of India, an RBI release said on Friday.

It was obligatory on the part of banks to accept these coins which they can get exchanged from the nearest office of RBI, it added.
The central bank has come across some media reports and was also receiving complaints that small coins of 5, 10 and 20 paisa were not being accepted by banks, commercial organisations and general public for payments on the plea that these coins were no more legal tender, it added. Bureau Report