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Distribution of Coins through Post Offices

With a view to enlarging the facility particularly in the rural and semi-urban area, the Reserve Bank of India has arranged with the postal authorities in Mumbai for distribution of coins through the post offices in Maharashtra and Goa. The scheme was launched in Mumbai on June 4, 2002. Initially, coins will be available from the Mumbai GPO and head post offices at Kalbadevi, Mandvi, Girgaon, Dadar, Chinchbunder, Mumbai Central, Mahim, Andheri, Chembur and Borivali and then gradually from other head and sub-post offices. The coins will be issued at par. The Reserve Bank has requested members of public to avail of this facility. Presently coins of 25 paise, 50 paise, 1 rupee, 2 rupees and 5 rupees are issued from the Issue Offices of the Reserve Bank of India and commercial bank branches.

Alpana Killawala
General Manager

Press Release No. 2001-2002/1341

 

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