The Reserve Bank has been receiving complaints
from members of public regarding non-acceptance of 25 paise coins by shops,
business establishments, utility services and even public sector organisations/government
departments. It is also understood that there is a general impression in commercial
and trading circles that 25 paise coins have ceased to be valid and are no longer
in circulation. The Reserve Bank wishes to clarify that such reports are without
any basis and 25 paise and 50 paise coins are easily available and continue
to be legal tender. All concerned may, therefore, without any hesitation continue
to use 25 paise coins, as also 50 paise coins in settlement of transactions,
as in the past.
G.Raghuraj
Deputy General Manager
Press Release: 2005-2006/537
|