.........While the 50ps coin presents a minor problem, the issue of the 5-rupee note is yet to receive clarity. Most businesses do not accept 5-rupee notes, declaring that the “banks don’t take them anymore.” Countering this, officials from the RBI Hyderabad insist that no such move to phase out 5-rupee notes has been undertaken so far. “In the case of phased out notes or coins, you will realise that it is only the coins below 25 paise that have been phased out. The 1-rupee, 2-rupee and 5-rupee as well as the 50ps coins are still legal,” said an official of the RBI..................
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