Jaipur: While the Centre and the state government are gearing up to present another budget for the common and special, the mindset of the people towards Indian coins has been changing for a few days. There was a lot of demand for open coins before. It was not easy to get coins when needed. Banks had frequent trips, but have been watching for a few days. Small traders have gathered a huge cico.com.
Now neither the customer collects the open coins nor is the bank is deposing it. The bank refuses to take the coins by quoting the RBI's guideline. At the same time, a large number of SIs are also collecting in the banks. They are not being circulated. All banks and traders are facing a new problem. The reigination of coins is a big deal before small traders these days.
Traders in villages, and towns have to take all kinds of Indian currency to run their business. Special taxes have to be resorted to open registers. That keeps their business pace, but is being watched these days. Small traders have open register in thousands of rupee. Some traders have open registry, which is also difficult to pick up.