Banks are filled with Rs 10 coins as customers want to exchange them for notes. Bengaluru: Bankers say that Rs. 10 coins do not get circulated because many traders and other commercial establishments do not accept them. This is despite ample minting and distribution of the coins. The Security Printing and Minting Corporation of India(SPMCIL) […]
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Bank officials say that banks too many coins result in them exceeding their minimum balance. BENGALURU: Nagraj Yadav sits at his tea shack, looking despondently at the little cardboard box filled with Rs 10 coins, amounting to about Rs. 2000. He does not know what to do with them. Depositing them in a bank is […]
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Not just banks all over the world, god’s banks too, had to resort to innovative solutions in the pandemic. Ludhiana: A total of 11 people, including five gardeners and six pundits were paid their salaries and wages in coins at Geeta Mandir, Vikas Nagar. The total of their salaries and wages came to Rs. 55,000. […]
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