Can a shop refuse legal tender?

No, a shop cannot refuse a legal tender. Legally it should be accepted. Hence it is known as legal tender. However, there is no obligation to legally accept a non-legal tender.You can read about the RBI – Know More About Reserve Bank of India in the given link.

Further readings:

  1. Bad Banks – Idea Proposed Due to COVID-19
  2. Cashless Economy in India – UPSC GS-III Notes

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