What is the difference between limited and unlimited legal tender?

When the legal tender can be accepted without any limit, then it is known as unlimited legal tender, when the legal tender is accepted with a certain maximum limit then it is known as limited 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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