Rs.20 Denomination Coin. Year 2020.

[velind]

[Bimat]

Looks nice - the shape is a pleasant surprise!

You have to wonder requirement of a new denomination at this stage though - the demand for coins is decreasing anyway and since we already have a ₹20 banknote, people will always prefer carrying a note and not a coin...

Aditya

[velind]

No clue why the Rs. 20 denomination coin has been issued.

Most of the banks I inquired with were reluctant to handle Rs. 20 coins as they are still stuck with many bags of Rs. 10 coins.

RBI should launch a major media awareness program to educate people about accepting Rs. 10 and Rs. 20 coins.

Otherwise, the Rs.20 coin will end up as a collector item only.

[dheer]

Acceptance of new denomination coins is generally low. In current circumstances with digital push, in urban India the demand and desire to handle coins is less... even small tea vendors ask for digital payments instead of coins.... not sure how much rural India will push the demand...
We have to wait for few years.... yes the adoption of rs 10 is still low after 12 years in circulation....
However the adoption of Rs 5 coins was much faster in 5 years

[Pabitra]

Once they stop printing of Rs 10 and 20 notes, the demand for coins will go up.
Currently 10 Rupees notes were being issued since the mints were unable to mint the requisite quantity.
Now the mints have capacity to mint more, there are all the reasons to stop low denomination notes.