A wave of confusion has spread across the country after rumours claimed that the Reserve Bank of India has discontinued ₹5 coins. Many people began refusing the coin in markets, leading to panic among traders and customers. The latest update from official sources, however, brings much-needed clarity.
RBI’s Clarification on ₹5 Coins
According to the central authority, ₹5 coins remain fully valid and continue to be accepted as legal tender across India. The RBI has not issued any notification regarding the discontinuation of ₹5 coins. Citizens are urged to stop believing viral messages that claim otherwise, as the coin remains in circulation and must be accepted in all transactions.
Why Confusion Started About ₹5 Coins
The confusion began due to the gradual reduction of older, heavier ₹5 coins from circulation. These coins were earlier minted using a different metal composition and were phased out over the years due to rising production costs and design changes. As these older versions became less visible in the market, many assumed that all ₹5 coins had been discontinued. This misunderstanding led to social media rumours, which quickly went viral.
Current Status of ₹5 Coins in the Market
RBI has confirmed that all legally issued ₹5 coins, regardless of year or design, are valid. Coins with different designs are common because they are produced by different mints.
People should not reject the coin based on appearance, weight, colour, or design variations, as these are natural differences in coin minting. Merchants and consumers are instructed to accept all genuine ₹5 coins without hesitation.
What Citizens Should Do Now
People are advised to use ₹5 coins normally without panic. If any shop or institution refuses to accept ₹5 coins, consumers can remind them that the coin remains legal tender and must be accepted. The RBI has repeatedly appealed to the public not to fall for misleading viral posts and to verify information only through official announcements.
Conclusion
The rumours surrounding the ₹5 coin discontinuation have no official backing. The RBI has not withdrawn ₹5 coins, and they remain valid for all financial transactions. Citizens are encouraged to stay informed and avoid spreading unverified news that may cause unnecessary confusion.