Banks told to ensure circulation of Rs 10 coins

  • | Friday | 29th March, 2019

MYSURU: Banks have been asked to create awareness on Rs 10 coin and ensure that the legal tender is in circulation. Venkatachalapathi said the Rs 10 coins stored up are worth crores of rupees.The district lead bank released Mysuru district credit plan of Rs 13,289 crore (Rs 10,764 crore for priority sector and Rs 2,525 crore for non-priority sector) for the year 2019-20. A major portion of credit plan is reserved for the agri sector (crop loans of Rs 3,477 crore and term loans of Rs 1,670 crore). We have also got suggestions to send these coins to other states where they are in circulation,” he said.Bhatia said that banks should start at least five-ten giving Rs 10 coins to each customer. “The Rs 10 coins are minted in large numbers, but are not serving their purpose in the state as they’re not being accepted by people.

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