Reserve Bank Of India [RBI] — Coins are being rejected in market

Nirav Satya

from Kolkata, West Bengal

Address:	Mumbai City, Maharashtra, 400001
Website:	www.rbi.org.in

There is a huge amount of coins in Indian market after the demonetization. When people are withdrawing money from their bank accounts, Banks give upto 40, 000 rupees in coins. But they refuse to deposit coins even 500 rupees. Every vendor & shopkeeper have 5, 000 to 40, 000 rupees coins thus they’re refusing to take coins from customers. It’s also a big question to beggers, they only have coins. What public can do now?

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Reserve Bank of India [RBI] customer support has been notified about the posted complaint.

May 11, 2017

Updated by Nirav Satya There is a huge amount of coins in Indian market after the demonetization. When people are withdrawing money from their bank accounts, Banks give upto 40, 000 rupees in coins. But they refuse to deposit coins even 500 rupees. Every vendor & shopkeeper have 5, 000 to 40, 000 rupees coins thus they’re refusing to take coins from customers. And they are not giving this in writing. It’s also a big question to beggers, they only have coins. What public can do now?