Rs. 10 fake coins are spreading rapidly. We all may have to face the Fake Rs.10 Coin in our daily life at now or another time. Earlier there is a rumor that Rs 10 coins had been declared invalid by the Reserve Bank of India (RBI) and several shop owners and people denied in accepting the coins. Recently, a racket of fake 10 rupee coins was busted by the crime branch. The racketeers operated and circulated fake coins in Delhi and NCR. The fake coins are circulated in larger scale in the market. However, with the video and circulars, you can identify the state of validity.

Now, after these many illegal activities, it is pretty clear that people are no way going to receive the coins simply, everybody these days is trying their best to get rid of the coins. I a similar way, are you worried about the Rs 10 coin lying around in your pocket, which your neighborhood vendor has again declined to accept?

Well, you might be! And yes, take the current situation, it is quite common. But, the latest press releases from the RBI says otherwise. The national bank has passed a studded statement saying that anyone who refuses to take the Rs 10 coin can be taken into the jurisdiction, and be punished according to the law. In a similar fashion, RBI is now planning to make the call to every Indian addressing about the authenticity of the Rs 10 coin.

The central bank started its efforts by sending the SMS messages which read, “Coins are available in different designs due to their long life. Accept them without fear…” Interestingly, to clear all confusion for once and for all, the message says to give a missed call to 14440, and instantly expect a call back from the Reserve Bank of India. The central bank then clarifies on the recorded voice message that the Rs 10 coins issued in 14 designs are all legally valid for the transaction.

Following this voiceover, the automated voice also directs the listeners to the Reserve Bank to India’s site to go through a press release that reads, “It has come to the notice of the Reserve Bank that in certain places there is reluctance on part of traders and members of public to accept ₹ 10 coins due to suspicion about their genuineness”.

“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 press release added.

In its press release which was released last week, it was written, “As coins have a longer life, coins of different designs and shapes circulate in the market at the same time. So far the Reserve Bank has issued ₹ 10 coins in 14 designs and the public has been informed of their distinctive features through Press Releases (list appended). All these coins are legal tender and can be accepted for transactions”.

Coming to the update, as of now, there are a total of 14 different coins, and RBI stated that it will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. “The new denomination has a motif of Sun Temple, Konark on the reverse, depicting the country’s cultural heritage. The base color of the note is Chocolate Brown. The note has other designs, geometric patterns aligning with the overall color scheme, both at the obverse and reverse,” RBI concluded.

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