Live
- Afghan acting minister among four killed in suicide attack in Kabul
- Smart India Hackathon: PM Modi focuses on out-of-the-box thinking for national and global progress
- Air India Extends ‘vista Stream’ In-flight Entertainment Service To Narrowbody Aircraft
- Ex-CM, Padma Vibhushan Krishna’s funeral held with state honours in Karnataka
- Maruti Suzuki inaugurates 500th NEXA Service touchpoint
- Royaloak Furniture Announces Exciting Year-End Sale providing up to 70% off on all International Furniture & décor products
- Pakistani Girl Murdered in UK: Father and Stepmother Convicted in Sara Sharif Case
- Maha Kumbh Mela: Understanding Its Unique Significance
- YouTube Introduces Real-Time Multiplayer Gaming with Playables
- AUS W vs IND W 3rd ODI: Smriti Mandhana Makes History with Stunning Century in Perth
Use of old 500 notes ends midnight today
Exemptions provided for the use of old Rs 500 notes for utility payments will come to an end at the midnight of Thursday (December 15), not December 14, as a section of media claimed, the Finance Ministry said on Wednesday.
​New Delhi : Exemptions provided for the use of old Rs 500 notes for utility payments will come to an end at the midnight of Thursday (December 15), not December 14, as a section of media claimed, the Finance Ministry said on Wednesday. "Exemptions for the use of old Rs 500 notes will end on 15 December midnight," Economic Affairs Secretary Shaktikanta Das said in a tweet on Wednesday.
After Thursday midnight, Rs 500 notes would no longer be allowed to be used for the list of exemptions the government had announced. However, the demonetised Rs 500 and Rs 1,000 notes can be deposited in bank accounts till December 30. The government demonetised Rs 1,000 and Rs 500 currency notes on November 8.
The following is the list of areas where the concession to use the denotified Rs 500 notes is applicable till Thursday midnight:
- Payment of fees up to Rs 2,000 per student in Central and state government colleges as well as Central government, state government, municipality and local body schools.
- Payments towards pre-paid mobile to a limit of Rs 500 per top-up.
- Purchase from consumer cooperative stores limited to Rs 5,000 at a time.
- Payment of current and arrear dues of water and electricity utility bills for individuals and households.
- Foreigners can exchange foreign currency up to Rs 5,000 per week. Necessary entry to this effect made in their passports.
- For payments in government hospitals for medical treatment.
- For use in all pharmacies for buying medicines with doctor's prescription.
- For purchases at government-run milk booths.
- For payments at crematoria and burial grounds.
- For use at international airports for arriving and departing passengers up to Rs 5,000.
- For purchase of LPG gas cylinders.
- For purchase of entry tickets at monuments maintained by the Archaeological Survey of India.
- For payments towards fees, charges, taxes or penalties, payable to Central or state governments, including municipal and local bodies.
- For payments towards court fees.
- For payments towards purchase of seeds from designated state-run outlets.
The government had earlier permitted various exemptions for certain transactions and activities wherein payment could be made through the old Rs 500 currency notes till December 15.
The usage of old notes at railway ticketing counters, to buy tickets of government or public sector undertaking buses and to pay catering services on board during travel by rail was discontinued from December 10 midnight.
Exemption for old notes for purchase of air tickets, petrol, diesel and gas at stations of state-run oil companies had come to an end on December 2. The payment at toll plaza in demonetised currency was also withdrawn earlier.
