25p coins step into history

It’s time for 25 -paise coins to enter the numismatic collection. With Wednesday being the last day to exchange these coins, they’ll cease to have any value from the day after, June 30. A senior official with Reserve Bank of India (RBI) said all banks are collecting 25-paise coins. The number of coins collected will be known only after it has been consolidated. From June 30, coins of 25 paise and below will cease to have any value. “They will no longer be a legal tender for payment as well as on account,” the official said. Gazette notification by the department of economic affairs, calling off 25-paise coins from circulation, has evoked some nostalgic responses.