Is 20 rupee coin legal tender?

Is 20 rupees coin is available in India?

The ₹20 coin is the highest-denomination circulation coin minted in India since its introduction in 2019. The present ₹20 coin is released for circulation. … This coin was released in May 2019 along with the new series of the rupee coins.

Is RBI issued 20 rupees coin?

The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act. Coins in India are presently being issued in denominations of 10 paise, 20 paise, 25 paise, 50 paise, one rupee, two rupees and five rupees.

Is 25 paise legal tender in India?

Coins of All Denominations are Legal Tender – RBI

It is clarified for the benefit of public that all coins including 25 paise and 50 paise coins are legal tender and will continue to be so.

Do banks accept coins?

(d) None of the bank branches should refuse to accept small denomination notes and / or coins tendered at their counters. All coins in the denomination of 50 paise, ₹ 1/-, 2/-, 5/-, 10/- and 20/- of various sizes, theme and design issued from time to time by the Government of India continue to be legal tender.

Do banks buy old coins?

Consumers can turn in their coins for cash at banks, which will give them their full value. Banks do not charge a fee to their customers when they deposit coins, but many require that the coins be rolled in wrappers. Some banks like Wells Fargo will exchange rolled coins for noncustomers without a fee.

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Are 10 rupee coins banned?

“Rs 10 coin is Legal Tender issued by the RBI and failure to receive and accept the same is an Offence punishable under Law. … Don’t know why the traders are not accepting the coins. In case people face any issue regarding the same, they can lodge their complaints against commercial establishments at any police station.”