Despite RBI clarification, no takers for Rs 10 coins in Hubballi

Hubballi: Even though the Reserve Bank of India (RBI) has again and again clarified the felony comfortable status of Rs 10 coins, trade establishments in the twin cities have endured to forestall accepting them. A truth test via TOI has published the lack of knowledge among some phase of shop-owners at the felony comfortable status of the coin.
Many other folks have alleged that shopkeepers are not accepting the Rs 10 coin. A foodgrain shop proprietor at Gokul Road informed TOI that he's now not accepting Rs 10 coin as no one in the city is accepting it. Another shopkeeper in Maruthi Nagar also mentioned that he does now not accept the coin.

Suraj, a panipuri vendor at Deshpande Nagar, claimed that Rs 10 coins have been banned in 2017. “I don’t accept the coin and I don’t have a Rs 10 coin as it's not valid. The government banned the coins closing 12 months,” he mentioned.

Sanam, a sugarcane juice vendor, also refused to simply accept Rs 10 coin. He mentioned that no one is accepting the coins in the city.

Tourists to the town have also expressed their displeasure over the refusal of accepting the coins via trade establishments. Ashutosh from Mumbai has complained to the RBI in a tweet on this regard. “I visited four shops in Hubballi. None of them is accepting Rs 10 coin. One vendor mentioned that he has got 5000 of Rs 10 denomination and banks are also now not accepting however asking the depositors to disburse the coins in marketplace,” he mentioned.

Shivu Doddamani, a labourer, mentioned that city bus conductors have been also now not accepting the Rs 10 coins a couple of days again. “Now, they are accepting after the experiences of the felony comfortable status of the coins have been printed in newspapers a couple of days again. However, shops and small hotels are but to simply accept them,” he mentioned.


Kaustav Khandekar, the department supervisor of SBI Intouch, mentioned that Rs 10 coin is felony comfortable and the distributors will have to accept it with none apprehensions. “The RBI clarified lately that Rs 10 coins are felony comfortable,” he mentioned.


The RBI mentioned that the coins have distinctive options to reflect quite a lot of topics of economic, social and cultural values and are presented once in a while. As coins have longer lifestyles, coins of various designs and shapes circulate out there at the similar time. So some distance the RBI has issued Rs 10 coins in 14 designs and the public has been knowledgeable of their distinctive options. All these coins are felony comfortable and will also be permitted for transactions. The RBI has also instructed banks to simply accept coins for transactions and change in any respect their branches.


On Monday, a number of other folks in the twin cities gained messages from RBI, reiterating the felony comfortable status of Rs 10 coins.


Despite RBI clarification, no takers for Rs 10 coins in Hubballi Despite RBI clarification, no takers for Rs 10 coins in Hubballi Reviewed by Kailash on February 21, 2018 Rating: 5
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