There are no Rs 10 fake coins in circulation, clarifies RBI

Archana Khatri Das/ Zee Media Bureau

New Delhi: The Reserve Bank of India has quashed all the rumours of fake Rs 10 coins in circulation, and has said that public can continue to accept coins of this denomination as legal tender without doubt or suspicion.

"It has been reported that some less-informed or uninformed persons who suspect the genuineness of such coins are creating doubts in the minds of ordinary people including traders, shop-keepers, etc., impeding the circulation of these coins in certain pockets of the country causing avoidable confusion", RBI said in a statement on Sunday.

It added that, “As coins remain in circulation for longer periods, it is quite possible that coins of different designs and even shapes are circulating at the same time. One such change is introduction of 'Rupee symbol' in coins in July 2011. An instance of this is the ₹ 10 coins with rupee symbol and the same denomination coin without rupee symbol. Both of them are legal tender and equally good for transactions, though they may look a little different.”

The Reserve Bank has come out with clarification as reports of fake Rs 10 coins in circulation were found in some sections of media. Some instances of common public refusing to accept these coins were also reported.