The Central
Government has announced the minting of a commemorative Rs. 75 coin to mark the
inauguration of the new Parliament building. The official notification was
issued on May 25, just days before the scheduled inauguration ceremony on May
28.
How
it looks: it features the iconic Lion Capital of
Ashoka Pillar on the obverse side, with the inscription of 'Satyamev Jayate' in
Devnagri script below it. The reverse side showcases an image of the Parliament
complex along with the words 'Sansad Sankul' in Devnagri script.
Not
Intended for General Circulation: It's important to
note that commemorative coins, including the Rs. 75 coin, are not meant for
regular transactions. Their metallic value often exceeds their legal value, and
they are primarily issued to commemorate special events and serve as
collectibles.
How
to Obtain the Commemorative Coin: Those interested in
acquiring the special coin can visit the website of the Securities of Printing
and Minting Corporation of India Limited (SPMCIL), where it will be made
available. Remember that these coins hold significant value for coin collectors
and are not intended for day-to-day transactions.
Legal
Tender and Coin Acceptance: According to the
Reserve Bank of India (RBI), coins issued by the government under the Coinage
Act, 2011, are considered legal tender, provided they are not defaced or have
not lost weight beyond prescribed limits. Coins with denominations equal to or
higher than one rupee are legal tender for amounts up to one thousand rupees.
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