As there are many designs of ₹ 10 coin available in the market so many traders and members are reluctant to accept them. It is due to the doubt about the authenticity of the currency. Considering this aspect, the Reserve Bank of India said that all the 14 designs of Rs 10 coin are valid and legal tender for transactions.
What is in the notification from RBI?
“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.”
“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.”
In fact, in November 2016, the Reserve Bank had issued a release requesting members of the public to continue to accept coins of Rs. 10 denomination without any hesitation in their all transactions.
