Coins are legal tenders, if not taken, then life term can be: RBI
Reserve Bank of India issued a circular on November 20, 2016. It was clarified that coins are legal tenders. Nobody can refuse to take them. Therefore the coins will be kept in circulation. Advocate Shivakant Dikshit says that coins are Indian currency. The government carries out coins in the mint of coins. This is legal tender. Refusing to accept them comes in the category of sedition. There is a punishment for life imprisonment for treason.
Meeting with RBI officials soon
Kanpur district collector Surendra Singh says that coins are legal tenders. No one can deny them by taking them. This problem is serious. Soon meeting with RBI officials, lead bank manager and local bank officers will solve the problem.
Reserve Bank of India issued a circular on November 20, 2016. It was clarified that coins are legal tenders. Nobody can refuse to take them. Therefore the coins will be kept in circulation. Advocate Shivakant Dikshit says that coins are Indian currency. The government carries out coins in the mint of coins. This is legal tender. Refusing to accept them comes in the category of sedition. There is a punishment for life imprisonment for treason.
Meeting with RBI officials soon
Kanpur district collector Surendra Singh says that coins are legal tenders. No one can deny them by taking them. This problem is serious. Soon meeting with RBI officials, lead bank manager and local bank officers will solve the problem.
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