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25 Paise Coins Withdrawn from Circulation from July 1, 2011

Current · Source: Reserve Bank of India · RBI/2010-11/482 · issued 21 Apr 2011 · ~2 min read
Quick answerGovernment of India has withdrawn 25 paise and lower denomination coins from circulation effective June 30, 2011. Banks must exchange these coins at face value until June 29, 2011. Post that date, these coins cease to be legal tender.
The rule, in the simplest words
How it plays out — a real example

A deposits officer in Indore notices a customer trying to pay a loan installment with a handful of 25 paise coins on July 2, 2011. She kindly explains that these coins are no longer legal tender and cannot be accepted, reminding the customer that the exchange deadline was June 29, 2011.

What changed

Government of India issued a notification under the Coinage Act, 1906 to call in all 25 paise and below coins from circulation with effect from June 30, 2011. From July 1, 2011, these coins will no longer be legal tender for any payment. RBI directed banks maintaining small coin depots to exchange these coins at face value at their branches until June 29, 2011.

What it means for you

Banks must facilitate exchange of these low-denomination coins at face value for customers until the deadline. After June 29, 2011, banks cannot accept these coins for exchange. This impacts cash handling and coin management operations for cooperative banks.

What you must do

Who it affects

State Co-operative Banks (StCBs), Central Co-operative Banks (CCBs), Banks maintaining small coin depots, All bank customers holding 25 paise and below coins

❓ Common questions

Regulatory timeline

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What is the last date for exchanging 25 paise and below coins?

The last date for exchange at bank branches is June 29, 2011. After that, these coins will not be accepted for exchange.

Will these coins be legal tender after June 30, 2011?

No, from July 1, 2011, coins of 25 paise and below will cease to be legal tender for payment as well as on account.

Which banks are required to exchange these coins?

All banks maintaining small coin depots, including State and Central Co-operative Banks, are required to exchange these coins at their branches at face value.

📜 Read the original circular — full text as issued by RBI
RBI/2010-11/482 RPCD.CO.No RCB. 61/07.38.03/2010-11 April 21, 2011 The Chairmen/CEOs of all State and Central Co-operative Banks Dear Sir, Coins of 25 Paise and below – Withdrawal from Circulation Please refer to the Govt. of India Gazette Notification S.O 2978(E) dated December 20, 2010 and the Reserve Bank Press Release dated February 1, 2011 on the above subject (copies enclosed). 2. The Government of India has decided to withdraw coins of denomination of 25 paise and below from circulation with effect from June 30, 2011. The Reserve Bank of India has instructed the banks maintaining small coin depots to arrange for exchange of coins of denomination of 25 paise and below for their face value at their branches. The coins will be exchanged at the branches of these banks as also the offices of the Reserve Bank till the close of business on June 29, 2011. Coins of denomination of 25 paise and below will not be accepted for exchange at the bank branches from July 1, 2011 onwards. The StCBs/CCBs may take note of the above instructions. 3. Please acknowledge receipt to the Regional Office concerned. Yours faithfully (C.D.Srinivasan) Chief General Manager Encls: 2 Ministry of Finance (Department of Economic Affairs) Notification [F.No.11/19/2009-coin] December 20. 2010 S.O.2978 (E) –In exercise of the powers conferred by sub-section 15A of the Coinage Act, 1906 (3 of 1906), the Central Government hereby determines to call in from circulation the coins of the denomination of 25 paise and below, issued from time to time, with effect from June 30, 2011 and from this date these coins shall cease to be a legal tender for payment as well as on account. The procedure for call in shall be notified separately by the Reserve Bank of India. (Arun Sobti) Under Secy. (Currency & Coinage)
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2010-11/482 · issued 21 Apr 2011. The plain-English explanation above is BankPulse’s own independent summary.
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Who does what — compliance checklist
🏦 Branch Manager
  • Ensure all branches of StCBs/CCBs are aware of the June 29, 2011 exchange deadline.
  • Arrange for exchange of 25 paise and below coins at face value at branches until June 29, 2011.
📜 Compliance
  • Inform customers about the withdrawal and the last date for exchange.
  • Acknowledge receipt of this circular to the respective RBI Regional Office.
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 (State Co-operative Banks (StCBs), Central Co-operative Banks (CCBs), Banks maintaining small coin depots, All bank customers holding 25 paise and below coins), your first concrete step on “25 Paise Coins Withdrawn from Circulation from July 1, 2011” is: “Ensure all branches of StCBs/CCBs are aware of the June 29, 2011 exchange deadline.” (RBI issued this 21 Apr 2011).

  1. Circular: RBI/2010-11/482 -- 25 Paise Coins Withdrawn from Circulation from July 1, 2011
  2. Issued: 21 Apr 2011
  3. Action required: Ensure all branches of StCBs/CCBs are aware of the June 29, 2011 exchange deadline.
  4. Action required: Arrange for exchange of 25 paise and below coins at face value at branches until June 29, 2011.
  5. Action required: Inform customers about the withdrawal and the last date for exchange.
  6. Action required: Acknowledge receipt of this circular to the respective RBI Regional Office.
  7. Owner: ____________ Target date: ____________
  8. Board/committee approval needed? Y / N
  9. 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.

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Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=6354&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.
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