RBI Declares All Indian Coins Valid; Refusal Can Lead to 3 Years Jail

• Reserve Bank of India (RBI) confirms all Indian coins (Rs. 1, 2, 5, 10, 20), regardless of size or color, are valid legal tender.
• Cybercriminals and some traders are misleading the public by claiming certain coins, especially Rs. 10, are invalid.
• Refusing to accept valid coins or spreading rumors about their invalidity is a criminal offense under Section 124 of the Bharatiya Nyaya Sanhita (BNS).
• Violators can face up to 3 years imprisonment; public advised to report incidents to police with evidence like video proof.
• Banks offer exchange services for coins into currency notes; RBI urges confidence in coin circulation despite digital payment rise.

Why It Matters: RBI assures all coins are valid; refusing them or spreading misinformation can lead to 3 years jail.