25 Paise Coins: Withdrawal Deadline Moved to June 29, 2011
Current · Source: Reserve Bank of India · RBI/2010-11/458 · issued 29 Mar 2011 · ~1 min read
Quick answerRBI has revised the exchange deadline for 25 paise and lower denomination coins to June 29, 2011. These coins will cease to be legal tender after that date. Urban co-operative banks must ensure exchange facilities are available until the new deadline.
The rule, in the simplest words
The RBI has changed the deadline for exchanging 25 paise and lower denomination coins to June 29, 2011.
These coins will no longer be legal tender after June 29, 2011.
Urban co-operative banks must update their systems and inform customers about the revised deadline.
How it plays out — a real example
A co-operative bank branch officer in Indore, Mr. Kumar, ensures that the bank's exchange counters remain operational on June 29, 2011, to handle last-minute submissions from customers exchanging their 25 paise coins. He also updates the bank's internal systems and informs customers through local announcements about the revised deadline. Mr. Kumar's efforts help the bank meet the RBI's closure schedule and maintain a smooth exchange process for customers.
What changed
RBI partially modified its earlier circular of March 15, 2011, advising that the exchange deadline for 25 paise and below coins is June 29, 2011 instead of June 30, 2011 as previously advised. After this date, these coins will no longer be legal tender.
What it means for you
Urban co-operative banks need to update their internal systems and customer communications to reflect the corrected deadline. This one-day shift ensures operational alignment with RBI's closure schedule. Banks must continue accepting these coins for exchange until the new date.
What you must do
Update all branch circulars and notices to show June 29, 2011 as the final exchange date
Inform customers through counters and local announcements about the revised deadline
Ensure exchange counters remain operational on June 29, 2011 to handle last-minute submissions
Coordinate with RBI regional office for acknowledgment of receipt of this circular
Who it affects
All Primary Urban Co-operative Banks, Customers holding 25 paise and lower denomination coins, RBI regional offices handling coin exchange
❓ Common questions
Why was the deadline changed from June 30 to June 29?
RBI issued a partial modification to align the exchange closure with operational requirements, likely to avoid a weekend or holiday overlap. The exact reason is not specified in the circular.
What happens to coins not exchanged by June 29, 2011?
After June 29, 2011, 25 paise and lower denomination coins will cease to be legal tender and cannot be used for transactions or exchanged at banks or RBI offices.
Do urban co-operative banks need to acknowledge this circular?
Yes, the circular instructs UCBs to acknowledge receipt to the respective RBI regional office.
📜 Read the original circular — full text as issued by RBI
RBI/2010-11/458
UBD.CO.BPD(PCB) Cir.No.42 /09.73.000/2010-11
March 29, 2011
The Chief Executive Officers,
All Primary Urban Co-operative Banks
Madam/ Dear Sir,
Coins of 25 Paise and below – Withdrawal from Circulation
Please refer to our circular UBD.BPD(PCB) Cir.No. 39/09.73.000/2010-11 dated March 15, 2011 on the captioned subject.
2.In partial modification of the above circular, we advise that the coins of 25 Paise and below will be exchanged at the branches of the specified banks as also the offices of the Reserve Bank of India till the close of business on June 29, 2011 (instead of June 30, 2011 as advised earlier). These coins shall cease to be legal tender thereafter. The UCBs may take note of the above instructions.
3. Please acknowledge receipt to the Regional Office concerned.
Yours faithfully,
(Uma Shankar)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/458 · issued 29 Mar 2011. The plain-English explanation above is BankPulse’s own independent summary.
Update all branch circulars and notices to show June 29, 2011 as the final exchange date
Inform customers through counters and local announcements about the revised deadline
Ensure exchange counters remain operational on June 29, 2011 to handle last-minute submissions
📜 Compliance
Coordinate with RBI regional office for acknowledgment of receipt of this circular
Grouped from the action items above — a single circular may involve more than one team.
Worked example & action-note template
Example: if you are a Branch Manager at a bank this circular applies to (All Primary Urban Co-operative Banks, Customers holding 25 paise and lower denomination coins, RBI regional offices handling coin exchange), your first concrete step on “25 Paise Coins: Withdrawal Deadline Moved to June 29, 2011” is: “Update all branch circulars and notices to show June 29, 2011 as the final exchange date” (RBI issued this 29 Mar 2011).
Circular: RBI/2010-11/458 -- 25 Paise Coins: Withdrawal Deadline Moved to June 29, 2011
Issued: 29 Mar 2011
Action required: Update all branch circulars and notices to show June 29, 2011 as the final exchange date
Action required: Inform customers through counters and local announcements about the revised deadline
Action required: Ensure exchange counters remain operational on June 29, 2011 to handle last-minute submissions
Action required: Coordinate with RBI regional office for acknowledgment of receipt of this circular
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.
BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6318&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
Help us keep this accurate
Found an inaccuracy or have an improvement? Tell us. Every report is reviewed by our team before any change is made — nothing goes live unverified.
Public beta — plain-English informational summaries. Always verify against the official RBI source (circular number cited on every page) before making compliance, credit, treasury, audit, or operational decisions. · Join our WhatsApp channel ↗
BANKPULSE · FREE DAILY BRIEF
Get RBI updates for your role
Every important RBI update, decoded in plain English — for your career, exams & financial awareness.
We collect only your email, name and role, used solely to send your brief — never sold or shared. Withdraw anytime via the unsubscribe link in any email. Independent platform, not affiliated with the RBI. Information, not legal advice.
REPORT AN ERROR · BETA
Spotted an error? Earn 500 BankPulse Credits
Help us stay accurate. If your correction is verified true and approved by our founder, you earn 500 BankPulse Credits — redeemable when the platform monetises.
Reviewed by a human before any credit is awarded. We never change the site from crowd input without verification.
WANT A NEW FEATURE · BETA
What would make BankPulse more useful for you?
Tell us what to build next — a tool, a data view, a role page, anything. We read every suggestion.
Thank you — your ideas directly shape what we build.