RBI allows public to continue to accept all the coins as legal tender

Jun 26, 2019 | by Avantis RegTech Legal Research Team


Finance & Taxation Compliance

The Reserve Bank of India (RBI) on June 26, 2019, has allowed the public to continue to accept all the coins as legal tender. The Reserve Bank of India has separately renewed its instructions to banks to accept coins for transactions and exchange at all their branches as advised vide DCM (NE) No.G-2/08.07.18/2018-19 dated July 2, 2018 and updated as on January 14, 2019.

 


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