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Where You Can Use Old 500 Rupee Notes After Midnight Tonight


Kool_SRG

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Where You Can Use Old 500 Rupee Notes After Midnight Tonight

 

NEW DELHI: HIGHLIGHTS
1)Exchange of old notes not allowed over the counter from tomorrow
2)Old notes still allowed in some places like petrol pumps, toll booths
3)Notes of only 500 rupees allowed, Rs. 1000 notes only accepted in banks


 The government has stopped the exchange of old notes over the counter at banks from tomorrow. People will now have to deposit banned notes of Rs. 500 and Rs. 1,000 in their accounts and then withdraw new currency from ATMs or through cheques.

"There will be no exchange of old Rs. 500 and Rs. 1,000 notes after midnight of November 24," the government said on Thursday evening. But it has extended the use of old 500 notes at petrol pumps, government hospitals and other public utilities till December 24.

The banned 1,000 rupee note can now not be used at these utilities. The deadline for the concession ended at midnight tonight.


Prime Minister Narendra Modi had in a sudden announcement on November 8 pulled the high value notes in an attempt to curb black money and money laundering.

The government had at the time allowed a one-time over the counter exchange of 4000 rupees, giving people time till December 31 to deposit the rest of the cash they were holding in bank accounts. The limit for the over-the-counter exchange was lowered to Rs. 2000 last week, amid a massive cash crunch after the demonetisation.

 

After midnight tonight, till December 15, you can still use old 500 rupee notes at:

1)Payment at toll plazas and petrol pumps.
2)Payment of school fees up to Rs. 2,000 per student in central government, state government, municipality and local body schools.
3)Payment of fees in central or state government colleges.
4)Payments towards pre-paid mobile top-up to a limit of Rs. 500 per top-up.
5)Purchases at consumer cooperative stores operated under authorisation of central or state governments with identity proof (Safal, Mother Dairy) up to Rs. 5,000 at a time.
6)Purchases at milk booths under central or state governments.
7)Payment of current and arrear dues to utilities will be limited to only water and electricity.
8)Payments in government hospitals for medical treatment.
9)Use in all pharmacies for buying medicines with doctor's prescription.
10)At railway ticketing counters, bus ticket counters of government or public sector undertakings and airline counters at airports for purchase of tickets.
11)Payments at crematoria and burial grounds.
12)Use at international airports for arriving and departing passengers up to Rs. 5,000.
13)Purchase of LPG gas cylinders.
14)Payments towards on-board catering during travel by rail.
15)Purchase of tickets for suburban and metro rail travel.
16)Purchase of entry tickets monument maintained by the Archaeological Survey of India.
17)Payments towards fees, charges, taxes or penalties, payable to central or state governments including municipal and local bodies.
18)Payments towards utility charges including water and electricity, but no advance payments.
19)Payments towards court fees.
20)Payments towards purchase of seeds from designated state-run outlets.

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Just now, tom bhayya said:

black money gallu janam ni hire chesi marpincheysthunnaru ani exchange aapeysaaru.. only deposits antey vallu antha drop ippudu @3$%

Change chese vaallu ippati daaka entuku aagutaaru ayina idi kaakopote vere daarlu chusukuntaru...Genuine ga 1000 notes inka unnavaallaki ika deposit eh dikku @3$%

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31 minutes ago, Kool_SRG said:

Change chese vaallu ippati daaka entuku aagutaaru ayina idi kaakopote vere daarlu chusukuntaru...Genuine ga 1000 notes inka unnavaallaki ika deposit eh dikku @3$%

ok atleast oka dari cut ayyindi nada. ne pessimism chestune u seem sympathetic to black money hoaders.

genuine ga notes unna vallai enti bayam mari?

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4 minutes ago, batman said:

ok atleast oka dari cut ayyindi nada. ne pessimism chestune u seem sympathetic to black money hoaders.

genuine ga notes unna vallai enti bayam mari?

Ha ha deposit chese vallaki problem emitante banks chuttu tiragaali roju too much queues chustunnam ga ela untundo paristiti...

BTW no sympathy for them black money hoaders neither do have but they find ways to get thru...

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3 minutes ago, Kool_SRG said:

Ha ha deposit chese vallaki problem emitante banks chuttu tiragaali roju too much queues chustunnam ga ela untundo paristiti...

BTW no sympathy for them black money hoaders neither do have but they find ways to get thru...

genuine money unna vallu especially poor ppl how much do u think theyy will have?? will they have bundles like hoaders? most will have few notes(baring exception) and that they have enough time to exchange no need to panic by seeing over sensationalized media.

just because hoaders are finding a way out doesn't mean no action should be tried to restrict them

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