Rohit Kumar
Port Blair, 21 February 2023
State Bank of India, through a Press Release, has informed that it has come to their notice that there is reluctance on the part of traders and members of the public to accept ₹10 coins due to suspicion about their genuineness in some areas of Andaman and Nicobar Islands.
SBI Informed that the Reserve Bank puts into circulation the coins minted by mints, which are under the Government of India. As coins have a longer life, coins of different designs and shapes circulate in the market simultaneously.
SBI informed that all coins are legal tender and can be accepted for transactions.
SBI has advised the general public, transport operators, auto-rickshaw drivers, hoteliers, shopkeepers, retail traders, street vendors and merchants to accept ₹10 coins in their daily transactions.