Reserve Bank of India to issue Rs 5 and Rs 10 coins with new designs

NEW DELHI:  All the 14 designs of Rs. 10 coin are valid and legal tender for transactions, the Reserve Bank of India said today, after some traders showed reluctance in accepting Rs. 10 coins, which come in different shapes and sizes. With 14 designs of Rs. 10 coins floating in the market, there is a lot of suspicion in the market about their genuineness. Taking cognizance of the situation, RBI issued a statement today and clarified its stand. This is what RBI said:

"It is clarified that the Reserve Bank puts into circulation, the coins minted by mints, which are under the Government of India. These coins have distinctive features to reflect various themes of economic, social and cultural values and are introduced from time to time," the RBI stated in a statement, adding, "so far the Reserve Bank has issued Rs. 10 coin in 14 designs. All these coins are legal tender and can be accepted for transactions."

The RBI also asked banks to accept coins for transactions and exchange at all their branches.

New Delhi: The Reserve Bank of India will soon issue new Rs 10 and Rs 5 coins in circulation to commemorate the 125th year of National Archives of India. The central bank will put into circulation new Rs 5 coins to celebrate the 150th anniversary of Allahabad High Court.

The RBI in a statement said that the face of the Rs 10 coin will bear the Lion Capitol of Ashoka Pillar in the centre with “Satyamev Jayate” inscribed below, flanked on the left periphery with the word “Bharat” in Devanagri script and on the right periphery with the word “INDIA” in English, and it shall also bear the Rupee symbol “₹” and denominational value “10″ in the international numerals below the Lion Capitol.

The year 1891 and 2016 in English shall be written on the upper and lower periphery of the coin respectively. The year 1916 and 2016 in international numerals shall be written respectively on left and right top of the image.

Meanwhile, the face of new Rs 5 coin, will bear an image depicting centre facade of Allahabad High Court Building emerging from the book, the RBI said in a statement.  The year 1916 and 2016 in international numerals shall be written respectively on left and right top of the image.   The year 1866-2016 in English numerals shall be written at the bottom of the image, the RBI said in a release.