Quick Answer: Which is the oldest coin mint in India?

Calcutta or Kolkata and Mumbai or Bombay are the earliest of the mints established in India. Hyderabad was the third mint that was established, followed by Noida near New Delhi.

Who Mints coin in India?

Coins are minted at the four India Government Mints at Mumbai, Alipore(Kolkata), Saifabad(Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP). The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.

Is 50 paise coin banned?

State Emblem of India with country name. ). On June 30, 2011, the 25 paisa and all lower denomination coins were officially demonetized, 50 paise becomes officially the lowest valuable Indian Rupee.

Is 1 rupee small coin banned?

Whereas nothing like this. No coin is closed. If any person and shopkeeper refuse to take coins, it is an insult to Indian currency. This can lead to legal action against him.

How do I get 125 RS coin?

The Mint Offices of RBI in Mumbai and Kolkata issue such special coins and commemorative coins. These come under the Securities Printing and Currency Manufacturing Corporation of India Limited. To buy these coins the corporation’s website (https:// www. spmcil. com/Interface/Home.

Does RBI buy old coins?

Cautioning the general public “not to fall prey to fictitious offers of buying/ selling of old banknotes and coins,” the RBI said the central bank does not deal in such matters, and “never seeks charges/ commissions of any sort.” …

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