Railways, Metros, bus services will not accept old Rs 500 notes after Dec 10

The Government had earlier withdrew the exemption for making payments at petrol bunks and airports.

By: Express Web Desk | New Delhi | Updated: December 8, 2016 8:11 pm
demonetisation, demonetisation impact, withdrawal limit, demonetisation withdrawal limit, current account withdrawal limit, companies withdrawal limit, business news The Government had earlier withdrew the exemption for making payments at petrol bunks and airports.

The Government Thursday shortened the December 15 deadline it had previously set over the use of old Rs 500 notes for purchasing Railway, Metro and bus tickets. It has now been revised to December 10. It had also earlier withdrew the exemption for making payments at petrol bunks and airports.

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Since the November 8 announcement on scrapping of old Rs 500 and Rs 1000 notes, the Government allowed the use of invalid notes towards payment of utility bills, buying petrol, mobile recharge, rail tickets and air tickets at airport. The deadline was extended twice. The Government has been continuously reviewing the policy by granting exemptions when ever necessary and tightening bank deposit  and withdrawal norms,  if required.

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