When the Reserve Bank of India makes it clear by its notice that no coins, including the ₹ 1 and ₹ 10, have been abolished, there is no reason on the part of shopkeepers for its out-and-out rejection. The little ₹ 1 coin remains in circulation.
Is it not known to the shopkeepers who avoid accepting this small coin of Rs 1 at all? They must be aware of the coin in use but they have their mentality and impudence.
Some are so impudent as they show their flat refusal to accept this very significant coin. However, this is a blatantly wrong practice. They appear to run their business in a totally opposite manner.
They seem to carry on with their particular criteria. They neither are ready to accept nor return the small coin in balance. They are supposed to run their different rule in daily transactions.
The Reserve Bank of India warned people if they continued to do so, they could face significant consequences. However, some still believe the ₹1 coin has duly not been in circulation.
This might be interpreted as an insult to the country's coinage. Denying acceptance may result in jail time or a fine. According to reports, the coin was not stopped.
Perhaps non-acceptance stems not only from the shopkeeper's perceived pettiness but also from their mental peculiarities and their eccentricities as well.
Customers face rejection despite their immediate objections and frequently bend down to separate standards about everyday money transactions. This thing certainly encourages merchants to flout the established rule directly.
Comments
Post a Comment