50 paise coin valid or not

50 paise coin valid or not

But even 50 paise is practically extinct. When is the last time you paid or accepted a 50 paise coin? It is very clear that the RBI will have to consign. forumtravelling.us › wiki › Indian_paisa_coin. 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. Reluctance on the part of.

50 paise coin valid or not -

The central bank also reiterated the instruction to all banks to accept coins for transaction and exchange in all branches. This has impeded the free use and circulation of coins in certain pockets of the country. It becomes difficult to convince them that they are still in use," a conductor from Backbay depot, who did not wish to be identified, said. Now, the 25 paise had been out of use for a long, long time. Although it is illegal to decline a coin still in circulation, the public seem to have made up it mind. It becomes difficult to convince them that they are still in use," a conductor from Backbay depot, who did not wish 50 paise coin valid or not be identified, said. A spokesperson for the Mumbai bus transport undertaking, BEST, said its conductors accept 50 paise coins since they cannot refuse a legal tender. RBI offices continue to accept coins for exchange into bank notes. That would leave the 50 paise coin as the minimum legal tender and the lone representative of the sub-one-rupee coin family. Even if it is rapidly falling out of use. Currently, coins of 50 paise, Re 1, Rs 2, Rs 5 and Rs 10 denomination of various sizes, theme and design are in circulation.

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