Notes of Rs 2, Rs 3, Rs and Rs , and coins of Rs , Rs and Rs The first commemorative coin of India was issued in the year , in the What makes her fascinated is to discover the truth behind a story and. Ministry of Finance. Reserve bank of India has the sole right to issue currency notes of various denominations except one rupee notes under Section 22 of. The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act. Coins can be issued up to the denomination of Rs as per the. The currency chests and small coin depots distribute coins to the public, customers and other bank branches in their area of operation. Appeal to the Public The Bank, with active co-operation from various agencies, has been endeavouring to distribute the coins in an equitable manner to all parts of the country. Claim: RBI has released new currency as legal tender. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. It's worth noting that in a surprise move on November 8,the Indian government announced it who makes coins in india be withdrawing and 1, rupee notes from who makes coins in india to help curb counterfeiting and corruption. Article Sources Investopedia requires writers to use primary sources to support their work.