When Vetrivel, 27, saw schoolchildren from his family’s Smart Kids State School playing with Rs 10 coins as if they were ordinary metal, he made a decision – every coin counts, even one. coin of Rs 10.
“It was as if the Rs 10 coin had no value. The children were playing games as these were metal coins. I noticed that even their parents believed that the Rs 10 coins were worthless. Banks wouldn’t accept them, commercial establishments wouldn’t accept them. That’s when I made the decision to make it my mission to show that it’s legal tender,” said Vetrivel to News18 by phone from Dharmapuri.
Another incident that left a lasting impression on Vetrivel, who is a doctor by profession, was when he went to a restaurant with his family and offered a 10 rupee coin as part of paying his bill. The cashier refused to accept it despite Ventrivel’s argument that it was legal.
When you want to make a statement with 10 rupee coins… buy a car worth 6 lakhs with it. Vetrivel from dharmapuri wanted to tell India that Rs 10 is legal tender. pic.twitter.com/6nbBIBFaUY
— Rohini Swamy (@Rohini_Swamy) June 20, 2022
“Instead, the cashier spoke so rudely and made it look like we were giving him counterfeit money. This strengthened my resolve. It became important to collect 10 rupee coins and buy an item worth showing to the world,” he said.
On February 8 this year, Pankaj Chaudhary, Minister of State for Finance, clarified in a written response that the 10 rupee coins of various sizes circulated by the RBI were indeed legal tender. He was responding to a question from the Rajya Sabha about Rs 10 coins which were not accepted in many parts of the country assuming they were fake.
In his response, Chaudhry said that “Rs 10 coins of various sizes, themes and designs, minted under the authority of the Government of India and issued by the Reserve Bank of India, are legal tender and may be used as legal tender. legal in all dealings.”
Vetrivel ran with this and decided to buy a car with only Rs 10 coins. It took him a whole month to collect these coins but the next task was going to be more difficult.
“I had to convince the dealer where I planned to buy the car why I wanted to use Rs 10 parts. They initially refused. But it took a lot of persuasion on my part until “they agree to the transaction. But the clause was that I had to put the money personally in their bank account and make sure it was accepted. Only after the deal would be done,” said Vetrivel .
So how did people react to his demand that payments to his school and medical practice be made in 10 rupee coins? The doctor said people were more than willing, but many did not have these parts readily available. But he slowly started collecting it with the help of the banks where he changed the notes into coins. Vetrivel’s mother runs a shop and he found several pieces at his house.
When asked if he brought the car of his choice or if he had to compromise based on the number of parts he collected, Vetrivel said he planned to buy a Maruti Eco as it would help with transportation for school children and bought the vehicle of his choice.
“This car cost me 6 lakh. If the car I wanted cost Rs 12 lakh, I would have collected as many coins of Rs 10 and then bought it for that amount.
Packed in four large sacks, Vetrivel arranged to deliver the promised Rs 6 lakh to become the proud owner of the four-wheeler.
In March this year, V Bhoopati, a resident of nearby Salem, bought his dream bike, a Bajaj Dominor 400 with Re 1 parts that took three years to accumulate. Bhoopati brought the coins worth Rs 2.6 lakh to the showroom in a van and unloaded them using wheelbarrows.
While Bhoopathi did it for fun, Vetrivel wanted to make a point about the validity of Rs 10 coins in the country.
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