RBI to issue new coins of Rs. 10 denomination

• The Reserve Bank of India will soon put new coins of Rs. 10 denomination into circulation to felicitate its Platinum Jubilee.
• The front face of the coins will have the Ashoka Pillar embossed in their centre, The reverse will bear the emblem of the Reserve Bank of India, a palm tree tiger, along with the year "1935-2010" below the emblem.
• Meanwhile, the RBI said the government of India, in exercise of powers conferred by Section 15-A of the coinage Act, 1906 (3 of 1906), has determined to call in from circulation coins of denomination of 25 paise and below with effect from June 20, 2011.
• From this date, these coins shall cease to be legal tender for payment, as well as on account.
• Accordingly, such coins may be exchanged during working days and business hours at the authorised banks branches by July 1, 2011, after which they will not be accepted