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Thread: The end of 25 paise coins...

  1. #1

    Thumbs down The end of 25 paise coins...

    In India, coins in the denomination of 25 paise and below, will not be valid or legal from 30th, June, 2011 as per the Central Government notification dated 20th December, 2010. This is because the cost of minting these is greater than their value. Thenceforth, only coins of 50 paise, Re.1 and Rs 2 will be legally valid.

    For accounting purposes and pricing of products etc shall be rounded off to 50 paise or the whole of a rupee.

    The coins which are going to become invalid may be exchanged at their face value in the nearest nationalized banks or the Reserve Bank Of India.

  2. #2
    Banned bapu1953's Avatar
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