Question

Where were the coins preserved when there were to banks ?
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Answer 1

Explanation:

• The coin terminals are operated by armored carrier services contracted by the Federal Reserve. Federal Reserve Banks distribute to depository institutions. The Reserve Banks' depository institutions place orders for coins. The armored carriers transport the coins from the coin terminals to the depository institutions.

Answer 2

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Coins are minted at the four India Government Mints at Mumbai, Alipore(Kolkata), Saifabad(Hyderabad), Cherlapally (Hyderabad) and NOIDA (UP). The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act.

Explanation:

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