If you possess ₹10 and ₹20 coins, then here’s a crucial update for you. There has been widespread speculation about these coins, and to clarify the situation, the government has issued an official statement. Read on to understand the details about the circulation and future of these coins.
Government’s Statement on ₹10 and ₹20 Coins
During the demonetization period, ₹10 coins were temporarily discontinued by the central government. However, they were later reintroduced. Similarly, in 2020, the Reserve Bank of India (RBI) introduced ₹20 coins into circulation.
Recently, rumors have been circulating that RBI might withdraw these coins from the market. To address this, the central government has now issued an update regarding the current status of ₹10 and ₹20 coins.
Finance Minister’s Update on ₹10 and ₹20 Coins
A few days ago, the Finance Minister confirmed that ₹10 and ₹20 coins remain valid in circulation and continue to be minted by RBI. As per the Finance Ministry’s report, as of December 31, 2024, there are 252,886 lakh ₹10 notes in the market.
Additionally, there are 79,502 lakh ₹10 coins currently in circulation, amounting to a total value of ₹7,950 crore.
Printing of New ₹20 Notes Continues
The Finance Ministry has reassured citizens that despite the occasional shortage of ₹10 and ₹20 coins and notes in the market, they remain in circulation. Any news suggesting their discontinuation is purely a rumor.
Introduction of ₹20 Coin in 2020
According to reports, the ₹20 coin was first issued in India in 2020. The coin features a polygonal design with 12 edges and includes the depiction of grains, symbolizing the agricultural significance of the country.
Additionally, the government plans to introduce a new series of ₹1, ₹2, ₹5, and ₹10 coins, all of which will follow a circular design.
Key Features of the ₹20 Coin
The Finance Minister provided further details about the ₹20 coin, stating that:
- It weighs 8.54 grams.
- It has an outer diameter of 27 mm.
- The outer ring is made of silver, while the center is composed of brass.
On the front side of the ₹20 coin, the emblem of the Ashoka Pillar is prominently displayed, with “Satyamev Jayate” inscribed below it. The left perimeter features “Bharat” in Hindi, while “India” is inscribed in English on the right perimeter.
This update clears all rumors and confirms that ₹10 and ₹20 coins remain legal tender and continue to be in circulation across the country.