Post public backlash, Tirupur TNSTC rescinds circular on ‘refusal’ to accept Rs 10 coins

Chennai

However, the Transport Corporation received backlash from the public the moment news of this circular spread on social media. Now, left with an egg on its face, the corporation on Sunday announced that the circular would be withdrawn.

According to the circular, the bus crew was asked to not accept the Rs 10 coin given by the passengers. “If the passengers still insist on the same mode of payment, the coins can be given off to other passengers on the way. Moreover, all conductors should avoid paying the same coins while settling the collection amount,” the circular stated.

The circular also had a seal and signature of TNSTC – Tirupur branch manager – raising concerns among the public about the authenticity and validity of the coin. The traders have already been refusing to accept the coin over rumours that it is not valid denomination for quite some time.

When asked, TNSTC officials said that the circular was in fact issued by the corporation on June 21. “This circular was given to avoid hassles while paying the collection amount in banks. As the circular triggered a negative impact among the public, it was withdrawn. The bus crew was later asked to accept Rs 10 coins given by passengers without any hesitation,” said an official.

THE ‘TEN’SION

• Rs 10 coin was first introduced in 2005 – Since then, it has been the highest denomination of coin minted and used in India
• However, due to several changes in the design of this coin, there exists a strange confusion regarding its usage
• Traders and shoppers refuse to accept the coin several times
• RBI has made clear that all 14 versions of Rs 10 coins, which are in circulation right now, are valid and legal tenders and have indirectly instructed all traders and shoppers not to refuse them

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