Coins of 25 Paise and below – Withdrawal from Circulation
RBI/2010-11/458
UBD.CO.BPD(PCB) Cir.No.42 /09.73.000/2010-11
March 29, 2011
The Chief Executive Officers,
All Primary Urban Co-operative Banks
Madam/ Dear Sir,
Coins of 25 Paise and below – Withdrawal from Circulation
Please refer to our circular UBD.BPD(PCB) Cir.No. 39/09.73.000/2010-11 dated March 15, 2011 on the captioned subject.
2.In partial modification of the above circular, we advise that the coins of 25 Paise and below will be exchanged at the branches of the specified banks as also the offices of the Reserve Bank of India till the close of business on June 29, 2011 (instead of June 30, 2011 as advised earlier). These coins shall cease to be legal tender thereafter. The UCBs may take note of the above instructions.
3. Please acknowledge receipt to the Regional Office concerned.
Yours faithfully,
(Uma Shankar)
Chief General Manager
CAclubindia
