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Demonetisation: Govt extends use of old Rs 500 notes till December 15

Demonetisation: Govt extends use of old Rs 500 notes till December 15

Government has expanded the facility of using old Rs 500 notes in public utilities and certain other services like pre-paid mobile top-up till December 15 and ceased the over-the-counter exchange of defunct currencies and use of Rs 1,000 notes.

It has been decided that these reliefs, with the insertions and modifications, will be continued for a further period from the midnight of November 24 up to and inclusive of December 15.

From today on payment of fees up to Rs 2,000 per student has been allowed in schools and colleges move by central and states governments, municipalities and local bodies.

Payment to pre-paid mobile top-up to a limit of Rs 500 per recharge has also been enabled while purchase from consumer cooperative stores will be limited to Rs 5,000 at a time, an official report said.

Current and arrears dues payments will be limited to only water and electricity, a facility that will continue to be available only for individuals and households.

Though, the release said payments for the transactions under all the free categories will now be accepted only through old Rs 500 notes.

Considering that the Ministry of Road Transport and Highways have ongoing the toll free arrangement at the toll plazas up to December 2, it has been decided that toll payment at these toll plazas may be made by old Rs 500 notes from December 3 to December 15, it said.

Foreign citizens will now be allowed to exchange foreign currency up to Rs 5000 per week. Mandatory entry to this effect will be made in their passports, it said

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