Home False: RBI has released one lakh rupee coin.

False: RBI has released one lakh rupee coin.

By: Archana Naresh

August 11 2020

Share Article: facebook logo twitter logo linkedin logo
False: RBI has released one lakh rupee coin.

Fact-Check

The Verdict False

The Reserve Bank of India’s website has no recent posts about 1,00,000 rupee coin denominations.

The Reserve Bank of India’s website has no recent posts about 1,00,000 rupee coin denominations.The information available on the RBI website reveals that ₹10 coin is the highest denomination coin printed and is in circulation in India since its introduction in 2005. India Government Mint had introduced coins of denominations ₹100, ₹150, ₹350 to commemorate various occasions, and these coins are called Commemorative Coins. These coins come under Non-Circulating Legal Tender (NCLT) and are issued by the Government of India Mint. Therefore it is clear that there is no 1,00,000 rupee coin neither in circulation nor as Commemorative.

Would you like to submit a claim to fact-check or contact our editorial team?

0 Global Fact-Checks Completed

We rely on information to make meaningful decisions that affect our lives, but the nature of the internet means that misinformation reaches more people faster than ever before