Top

Use of Rs. 500 notes for utility bills extended; Exchange stopped

Samarth Srivastava

Samarth SrivastavaBy Samarth Srivastava

Published on 24 Nov 2016 3:05 PM GMT

Use of Rs. 500 notes for utility bills extended; Exchange stopped
X
Use of Rs. 500 notes for utility bills extended; Exchange stopped
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print

New Delhi: Extending the deadline for the third time amid a nationwide scramble for cash, the government has announced that the old currency notes of Rs. 500 would be accepted at government hospitals, petrol pumps and toll booths till December 15.

Centre also announced that the use of Rs. 1000 notes would be banned for all exemptions and no more exchange of Rs. 500 and Rs. 1,000 notes will take place from Thursday midnight.

Earlier, November 24 was the deadline for using old currency notes.

Keeping in view the problems being faced by the people all over the country, the government decided to extend the use of old currency notes of Rs. 500 at some key utilities.

Other Highlights:

  • The limit of purchasing from consumer cooperative stores would be Rs. 5000.
  • Fees of central and state government colleges would be paid in Rs. 500 old notes.
  • Foreign citizens allowed exchanging foreign currency up to Rs. 5,000 per week via passports.

Also read:

Some gaping holes in laws come to light in the wake of demonetisation

Akhilesh Yadav supports Modi, says PM concerned for common man

Samarth Srivastava

Samarth Srivastava

Employed as sub-editor at newstrack.com. A learner, who loves covering sports, entertainment and defence kind of stuff.

Next Story