10 Rs Coin: The Reserve Bank of India (RBI) first introduced the 10 rupee coin in 2005 and it was released to the public in 2006. It was India’s first “bimetallic” coin, which means a coin made of two types of metals.
If you go to a shop and give a 10 rupee coin, the common saying these days is, “Sir, this is not the coin, give me another one.” Seeing these different-looking coins, many people get confused as to which one is real and which one is fake. This confusion makes many traders and the public hesitant to accept these coins. But have these coins really been banned? What is the truth behind this? Let’s find out.
The Reserve Bank of India (RBI) first issued a 10 rupee coin in 2005, and it was released to the public in 2006. It was India’s first “bimetallic” coin, meaning a coin made of two metals. Its core is made of copper-nickel and the outer ring is made of aluminum-bronze.
Since the coin’s launch, the RBI has released over 14 different designs. It is common to release new designs for various occasions, to commemorate dignitaries and to meet public demand. Although the designs vary, all coins remain legally valid.
In 2011, the Indian government officially introduced the rupee symbol (₹). The symbol was present on coins minted after this date, but not on coins minted before that date. Around the same time, a rumor began to spread that “coins without the symbol are fake.” This lie spread even faster during demonetization.
To clear all this confusion, RBI has issued several public announcements. RBI has clearly stated that “all coins of Rs 10, irrespective of their design, with or without the rupee symbol, are absolutely genuine and legal tender.” All types of coins can be accepted in the market without any hesitation.
Some people are deliberately spreading false news to create confusion among the public and traders. When a coin has been in circulation for a long time, it is natural for both the old and new designs to appear in the market at the same time. However, this is being exploited to spread misinformation.
The 10 rupee coin is legal tender. Refusing to accept it is illegal. Do not refuse to accept this coin yourself or others around you. If someone refuses, be sure to inform them.
Now, if someone looks at a Rs 10 coin and says, “This is not valid,” tell them, “This is 100% valid, RBI has said.” Don’t believe any rumours or forwards that appear on WhatsApp. Follow official information and use Rs 10 coins without any fear.
