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Tuesday, December 27, 2022

RBI Rules: How many coins you can deposit in your bank account, know RBI rules

RBI Rules: How many coins you can deposit in your bank account, know RBI rules



RBI Coins Guideline: Banks are free to accept coins of any amount from their customers. This means you can deposit any amount in the form of coins to your bank account.

RBI Rules: Coins are an important part of our daily life transactions. But how much can you deposit in your bank account in the form of coins? Who decides the design of coins? What the Reserve Bank says in this matter, know some important things.

Many a time you must have heard or read a news that a person arrived at a showroom to buy a car with lakhs of rupees in coins. Coins are an important part of Indian currency and we use them in our daily life. But do you know how much coins you can deposit in your bank account? Can a person deposit one lakh rupees coins in his bank account? Know what the Reserve Bank (RBI) has to say about this.

આ પણ વાંચો: 1 જાન્યુઆરીથી બંધ થઇ જશે 2000 ની નોટ, 1000 રૂ. ની નોટ લેશે સ્થાન! શું છે આ સમાચાર

Which coins are in circulation?

The Reserve Bank of India is responsible for issuing currency in the country. At present, coins of one rupee, two rupees, five rupees, ten rupees and twenty rupees have been issued in the country. Coins up to 1000 rupees can be issued under the Coinage Act 2011. Under the Coinage Act 2011, the government issued coins of various sizes, themes and designs.

How many rupee coins can be deposited in the account?

Now let's talk about the amount of coins... which you can deposit in your bank account. In this regard, the Reserve Bank says that no limit has been set for depositing coins by customers in banks. Banks are free to accept any amount of coins from their customers. This means you can deposit any amount in the form of coins to your bank account.

Click here to read in Gujarati

Who decides the coins and sizes?

The Government of India fixes the number of coins annually based on the indent received from the Reserve Bank. Apart from this, the Government of India is also responsible for the minting and design of coins of various denominations. If you want to exchange coins, you can exchange them at any bank branch. According to the Reserve Bank, the public can continue to accept all coins as legal tender in all their transactions without any hesitation.

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