RBI asks banks to accept coins of all denominations from public

RBI

RBI asks banks to accept coins of all denominations from public

Banks should not refuse to accept coins of all denominations from customers and any non-compliance may result into penal action, the Reserve Bank said today.




Despite advisory that none of the bank branches should refuse to accept small denomination notes or coins tendered at their counters, complaints keep coming about non-acceptance of coins by bank branches, RBI said.

The Economic Times, New Delhi, 16th February, 2018

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