Today happens to be the last day set by Reserve Bank of India when customers can deposit 25 paise coins with banks and get the equivalent denomination of money in return from the bank. The initiative was taken by the apex bank in relation to its stand to withdraw coins of 25p and lower denominations out of circulation from the Indian economy.

"Coins of denomination of 25 paise and below will cease to be legal tender from June 30, 2011. These will not be accepted for exchange at bank branches from July 1, 2011 onwards," the RBI said.

The decision to remove these coins from circulation was taken by the central bank in December 2010.

Apart from price inflation concerns, RBI had been constantly receiving complaints about 25p coins not getting accepted in daily trade activities in shops, buses etc.