Reserve Bank of India declares certain items as legal tender. They mostly concern with coins and currency notes issued by the Reserve Bank of India. If one tenders the legal tender in discharge of any obligation, the obligation stands so discharged and the person required to receive the same may not refuse to acknowledge their receipt. Other negotiable documents such as cheques, bills and bills of lading, hundis, Railway Receipts are not legal tenders. The other side may refuse to accept them. The expression legal tender is also used in the case of contracts where one person is obliged to discharge the obligations incurred by him. Such tender is treated as valid or invalid tender and not legal tender. A valid tender of the offer to discharge the obligation is also called a valid tender to perform the obligation. Where the law provides that the plaintiff in the case for specific performance must tender the amount of consideration payable by him in Court along with suit, he should make a valid application to tender a deposit whenever required. Mere offer to tender the amount is no valid tender.