alleryMay a branch refuse coins tendered at its counter?
AYes, for outsiders
BNo, it may not
CYes, above limits
DYes, on holidays
Answer & Solution
Correct answer: B. No, it may not
1. Small denomination notes are covered by the same rule.
2. No exception is carved out for either.
3. No branch may refuse them.
_Source: RBI Master Direction, Facility for Exchange of Notes and Coins_
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