Demonetisation of Rs 1,000 & Rs 500: Pune District collector issues advisory for citizens, business establishments

Saurabh Rao has issued the advisory in accordance with the rules that were laid down by the Reserve Bank of India after Prime Minister Narendra Modi’s announcement about scrapping these notes.

By: Express News Service | Pune | Published:November 10, 2016 12:10 am
Photo for representational purpose Photo for representational purpose

In an advisory to citizens and business establishments dealing with essential services — such as hospitals, chemists, fuel suppliers, public transport and crematoriums — Pune District Collector Saurabh Rao has urged them to accept currency notes of Rs 500 and Rs 1,000. However, transactions involving these notes would only be allowed till midnight of November 11. Rao has issued the advisory in accordance with the rules that were laid down by the Reserve Bank of India after Prime Minister Narendra Modi’s announcement about scrapping these notes.

“Although the government of India has stopped the usage of currency notes of denominations Rs 500 and Rs 1,000… taking a humanistic approach, the use of these currency notes will be allowed at hospitals, chemist shops, petrol/diesel/gas pumps, cooking gas outlets, public bus services, railways, airline counters as well as crematoriums until the midnight of November 11,” said a statement issued by Rao.

The advisory also urged citizens to buy goods worth the entire amount if they wanted to use Rs 500 or Rs 1,000 notes. “If they want to use these notes, they should buy fuel or medicines of the full amount. If they want to buy goods of lesser price, they should tender change such as Rs 10, Rs 50 or Rs 100,” said Rao. He cautioned that trying to use Rs 500 and Rs 1,000 notes after midnight of November 11 will be considered illegal.

“After November 11 midnight, using these notes even at petrol pumps or at the chemists will be considered illegal, and will attract legal action,” said Rao.