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Do You Still Have 50 Paise Coins? Check RBI Rules And What To Do
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News18•07-10-2026, 09:18
Do You Still Have 50 Paise Coins? Check RBI Rules And What To Do
- •According to the Reserve Bank of India (RBI), 50 paise coins are still legal tender and hold their value.
- •By law, it is mandatory to accept up to ₹10 worth of 50 paise coins (up to 20 coins) in transactions.
- •If shops or public transport do not accept them, you can easily deposit or exchange them at any bank branch.
- •RBI guidelines state that banks cannot refuse to accept small denomination coins and there is no deposit limit.
Key Questions Answered
Yes, according to the Reserve Bank of India (RBI), 50 paise coins of various designs and sizes released by the government are still legal tender and retain their full face value of 50 paise.
According to the law, it is mandatory to accept 50 paise coins up to a specified limit of ₹10, which equals 20 coins. A person may voluntarily accept more, but they cannot be forced to do so.
If shopkeepers or transport services refuse to accept them, you can take your 50 paise coins to the nearest bank branch to deposit them into your account or exchange them for new notes and coins. Bank branches cannot refuse to accept small denomination coins under current RBI guidelines.
