The Government of India has decided to withdraw the coins of denomination of 25 paise and below from circulation with effect from June 30, 2011.
From this date, these coins shall cease to be legal tender for payment as well as on account.
Members of public can exchange small denomination coins at any branch of banks specified by RBI. Exchange facility will also be available at all Issue Offices of the RBI. The coins will be exchanged at the branches of these banks/offices of the RBI till the close of business on June 30, 2011.
RBI press release attached.
From this date, these coins shall cease to be legal tender for payment as well as on account.
Members of public can exchange small denomination coins at any branch of banks specified by RBI. Exchange facility will also be available at all Issue Offices of the RBI. The coins will be exchanged at the branches of these banks/offices of the RBI till the close of business on June 30, 2011.
RBI press release attached.
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