Rs 500, Rs 1,000 notes to be legally valid till Nov 11 at toll plazas: NHAI

Prime Minister Narendra Modi last night announced the decision to ban Rs 500 and Rs 1,000 currency notes from last midnight.

By: PTI | New Delhi | Updated: November 9, 2016 4:43 pm
Demonetisation, 500, 1000, rupees, INdia Demonetisation, India 500 1000 rupees, news, Soli Sorabjee, latest news, India news, national news In a move that has rattled the nation, Prime Minister Narendra Modi on Tuesday abolished Rs 500 and Rs 1,000 notes effective midnight.

To avoid long queues at toll plazas Pan India, the government Wednesday asked them to accept the old Rs 500 and Rs 1,000 currency notes till November 11 midnight. The decision was taken after National Highways Authority of India (NHAI) Chairman Raghav Chandra took up the matter with the Prime Minister’s Office after being flooded by calls from states over the grim situation at toll plazas.

WATCH VIDEO: Rs 500 & Rs 1000 Illegal: Scuffle At An ATM With People Queuing Up To Withdraw Money

“We have issued instructions to all 365 toll plazas across the country to immediately accept currency denominations of Rs 500 and Rs 1000 till November 11 midnight to ease the situation of jams and long queues at toll booths,” Chandra told PTI.

Chandra said he contacted the PMO as well as the Finance Ministry to apprise them of the condition at the plazas after being inundated by calls from commuters as well as state government officials over traffic congestion.

“Several Chief Secretaries including Chief Secretaries of Haryana and Gujarat besides commuters contacted us about the situation. Many travelers narrated their plights,” he said.

On being apprised of the situation, the government allowed toll plazas to accept Rs 500 and Rs 1,000 denominations.

“NHAI has issued instructions to all concessionaires and developers including people managing toll plazas to abide by the instructions to ensure that travelers do not face any problems due to traffic hazards,” he said.

WATCH: Government Says New Currency Notes In ATMs From November 11

The Rs 500 and Rs 1,000 denomination notes are legally accepted tenders at plazas till November 11 midnight, he explained.

“Meanwhile we are strictly monitoring the situation and keeping a close eye so that commuters can travel without any inconveniences,” Chandra said.

Prime Minister Narendra Modi last night announced the decision to ban Rs 500 and Rs 1,000 currency notes from last midnight.

Declaring a “decisive” war against black money and corruption, Modi also listed a raft of steps to assure commoners that their money is safe.

In his first televised address to the nation two-and-a-half-years after assuming office, he had announced a 50-day window from November 10 to December 30 for those having these notes to deposit them in their bank and post office accounts “without any limit”.

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  1. M
    Mohunlall fowdur
    Nov 10, 2016 at 4:52 am
    What will happen to those people in possession of old currencies which they have recently purchased and are visiting India in December 2016? How will they exchange the old currencies against the new ones? They are foreigners having no bank account in India. They are only tourists.