How long will 50P coin exist?

Now among denominations below 1 rupee, only 50 paise exist. In your opinion, how long will it exist in Indian currency?
Category: General Reference 6 years ago
Sandhya Rani
Asked 6 years ago

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The coin has practically out of use. Even five rupee coins are difficult to get. Possibly, the small coins will not be issued and the old coins still in use will gradually get out of circulation.
Gulshan Kumar Ajmani
Answered 6 years ago
Gulshan Kumar Ajmani

It was found that the cost of the metal used to mint the coins was more than the face value of a coin denomination long back by the RBI. The first coin to have been removed was Rs. 10 coin long back. Since then the withdrawal process started. Now coming back to the withdrawal of 50 p coin is already in vogue. The next to be withdrawn is 5 rupee coin. On the whole metal coins are a burden to the exchequer financially. It's a matter of time when there will not be any metal denominations in circulation.
rambabu
Answered 6 years ago
rambabu

I think in one or two years 50 p, and slowly i think coins may not be in rotation.
fazelath Imraan
Answered 6 years ago
fazelath Imraan

I firmly believe that 50 paise coin will vanish soon as those coins are not used nowadays. I believe we can find these coins only in museums in 2020.
RobertP
Answered 6 years ago
RobertP

But do the 50P coins really exist? I haven't seen them for years now. The ones which we have in our house are lying with 5P, 10p 25 coins. Even beggars will think that you're making a mockery by giving a 50 P coin. You can try to use them in Bengal, where smaller coins are still in use.
suni51
Answered 6 years ago
suni51

I think they are no longer in use..even if they exist and can be seen here and there..
Mousumi Ghosh
Answered 5 years ago
Mousumi Ghosh

Even one and two rupee coins are in danger of getting phased out in near future
vijay
Answered 5 years ago
vijay

I am not sure if it is not legal tender any more.

Sheetal Kumar N
Answered 12 months ago
Sheetal Kumar N

It has now become almost extinct and even one rupee has very little value now..

usha manohar
Answered 2 years ago
usha manohar

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