Refusing to accept 10 rupee coin may lead to imprisonment for life

Refusing to accept 10 rupee coin may lead to imprisonment for life

Refusing to accept 10 rupee coin may lead to imprisonment for life
Refusing to accept 10 rupee coin may lead to imprisonment for life

 

Why are 10 rupee coins not accepted in some parts of the country and as a whole in Manipur?

The Story

Non-acceptance of 10 rupee coins started soon after the government demonetised higher denomination notes on Nov. 8, 2016. One story claims that during the demonetisation process, one person went to a bank to deposit his collection of 10 rupee coins. But the bank did not accept them.  Later, there was information that the bank's storage was full after accepting the demonetised notes and there was an RBI directive to ensure that lower denomination currencies remain in circulation.
 

This incident spread through social media, especially on WhatsApp. People stopped accepting the coin soon after and some shops put notices claiming that the coin is not accepted. On Nov. 20, 2016, the RBI put out a press release saying that the public should accept Rs. 10 in all transactions. The press release also said, "some less-informed or uninformed persons who suspect the genuineness of such coins are creating doubts in the minds of ordinary people, including traders, shopkeepers, etc., impeding the circulation of these coins in certain pockets of the country causing avoidable confusion."

Despite the notices from the RBI and others, the coin's run of bad luck did not end. Hawkers and small shops were not ready to accept them. However, larger shops and government offices are accepting them. In Manipur from individuals to shops and large business establishments, no one is ready to accept this coin. Even shopkeepers with RBI ads on their walls are clueless and complain that the government has created confusion among people and are not doing anything to clarify it. Most of the people are not aware of the latest RBI statement. They still think the Rs. 10 coins have been recalled. Some people said that there are different versions of the coins. One version has the inscribed rupee symbol and some do not. Some have 10 bars around the number 10 and some have more than 10 bars.

What if the coin is not accepted?

Refusing to accept currencies in circulation is considered sedition in India. If somebody lodges a complaint, it can lead to a lifetime prison sentence. IPC 124A states that, "whoever, by words, either spoken or written, or by signs, or by visible representation, or otherwise, brings or attempts to bring into hatred or contempt, or excites or attempts to excite disaffection towards, the Government estab­lished by law in 103 [India], shall be punished with 104 [im­prisonment for life], to which fine may be added, or with impris­onment which may extend to three years, to which fine may be added, or with fine."

If a person or shop does not accept the 10 rupee coin, you can file an FIR at the police station in the jurisdiction concerned. You should show the rejected coin along with the details of the person or shop and the RBI communication.