What can you do with coins in India?

What can you do with Indian coins?

After Completing Sign Up Process on IND Money you will get 700 IND Coins in your Account. 3. You need to Withdraw IND Coins or Trade it to withdraw in your Bank Account.

Is it illegal to melt coins in India?

9. No person shall use any metal piece as coin (whether stamped or unstamped) intended to be used as money. 10. No person shall melt or destroy any coin.

How can I convert coins to cash in India?

The RBI Offices, where Issue Department is functioning, offer the facility to members of the public to exchange their notes including soiled and mutilated notes and coins including uncurrent or worn out coins. The Bank is committed to provide exchange facility free of cost at its counters during business hours.

Yes you can sell old coins and notes in India and you can do so even online websites like eBay etc. However they can be sold like goods and to people like coin collectors and won’t be a legal tender for exchange.

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How can I buy Cryptocurrency in India?

Download the app or log on to the WazirX website. Fill in the details to open your account and finish your KYC. This allows you to set up the account and add funds in INR (rupees). Once you have added funds to the account, you can start buying cryptocurrencies from the “Exchange” tab.

Is there a limit on paying in coins?

You can spend up to £5 in 5p or 10p coins, or up to £10 each in 50p and 20p pieces. Pound coins are legal tender for any amount, offering the chance for a frisson of defiance while staying on the right side of the law.

What is the maximum limit to accept payment in coins?

Coin of any denomination not lower than one rupee shall be legal tender for any sum not exceeding one thousand rupees. Fifty paise (half rupee) coin shall be legal tender for any sum not exceeding ten rupees.

How can I sell my Indian coins?

Step 1: Visit the official website Olx.com which allows the buyers and sellers to trade directly. Step 2: Register yourself as a seller on the website. Step 3: Click and upload a photo of the coin on the website. Step 4: Buyers who are interested will contact you.

Can coins be exchanged for cash?

1. Local bank or credit union. Your local bank or credit union branch may let you exchange coins for cash via coin-counting machines, letting you to roll your own coins, or take coins in another way. … Many banks let members trade in coins for cash for free but will charge a fee for non-members.

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Do banks give coins?

A Bank. Going to a bank (preferably where you have an account) is the best way – just walk into your bank and get change. If you have a bank account there, like a checking account, then they will always give you change. You can even withdraw money from your checking account and request that it be as coins.

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