Reserve bank of India directs all banks to accept denomination coins from public

Posted on:18 Feb 2018 09:00:02
Reserve bank of India directs all banks to accept denomination coins from public
18 February 2018 Current Affairs: The Apex bank issued a notification in Mumbai, saying such denial of service causes inconvenience to the public at large as shopkeepers and traders refuse to accept coins for payment of goods and services.

The branches to accept coins of all denominations tendered at their counters either for exchange or for deposit in accounts

Also, RBI advised all banks to accept coins, particularly in one and two rupee denominations by weightment or sachets of 100 coins each.
The Apex bank issued a notification in Mumbai, saying such denial of service causes inconvenience to the public at large as shopkeepers and traders refuse to accept coins for payment of goods and services.

The branches to accept coins of all denominations tendered at their counters either for exchange or for deposit in accounts

Also, RBI advised all banks to accept coins, particularly in one and two rupee denominations by weightment or sachets of 100 coins each.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 September

18 SEPTEMBER
NEWS
17 SEPTEMBER
NEWS
16 SEPTEMBER
NEWS
15 SEPTEMBER
NEWS

Current Affairs 2018 August

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS

Current Affairs 2018 July

31 JULY
NEWS
30 JULY
NEWS
29 JULY
NEWS
28 JULY
NEWS