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Govt stops Exchange of 500 and 1000 : Where you can use 500 note

Govt stops Exchange of 500 and 1000 : Where to can use 500 note

Where you can use 500 note : Govt stops Exchange of 500 and 1000

  • Exchange of old currency notes of 500 and 1000 rupees over the counter has been stopped from midnight tonight.
  • However, people can deposit their old notes in their bank accounts upto 30th of December.
  • Government has also extended the use of old currency for payment of public utilities bills upto 15th of next month adding some other services under the exempted category.
  • However, 1000 rupees notes will not be accepted any more in exempted categories and only 500 notes will be accepted.
Govt stops Exchange of 500 and 1000 :  Where you can use 500 note Govt stops Exchange of 500 and 1000 : Where to can use 500 note
  • Also Finance Ministry said the payment of School fees up to 2000 rupees per student in Central Government, State Government, Municipality and local body schools and payment of fees in Central or State Government colleges have been added in the exempted categories.
  • While The Ministry said the foreign citizens will be permitted to exchange foreign currency upto five thousand rupees per week. The entry to this effect will be made in their passports.
  • The payments at toll plazas can be made through old 500 rupees notes from 3rd to 15th of next month.
  • The toll free arrangement will continue at the Highways upto 2nd December.
READ  Everything you must know about 500 and 1000 Note Ban : RBI tells how to change old notes
Govt stops Exchange of 500 and 1000 :  Where you can use 500 noteGovt stops Exchange of 500 and 1000 : Where to can use 500 note

Where you can use 500 note till 15 December 2016 :

  1. Payments towards pre paid mobile top-up to a limit of Rs. 500 per top-up.
  2. Purchase from Consumer Cooperative Stores will be limited to Rs. 5000 at a time.
  3. Payment of fees in Central or State Government colleges.
  4. Foreign citizens will be permitted to exchange foreign currency up to Rs. 5000 per week. Necessary entry to this effect will be made in their passports.
  5. Payment of current and arrear dues to utilities will be limited to only water and electricity. This facility will continue to be available only for individuals and households.
  6. It has been decided that toll payment at toll plazas to be made through old Rs. 500 notes from 3.12.2016 to 15.12.2016.
  7. Payment of School fees up to Rs. 2000 per student in Central Government, State Government, Municipality and local body schools.
  8. Government hospitals
  9. Railway tickets
  10. Public transport
  11. Airline tickets at airports
  12. Milk booths
  13. Crematoria/burial grounds
  14. Petrol pumps
  15. Metro rail tickets
  16. Medicine prescribed by a doctor
  17. LPG gas cylinders
  18. Railway catering
  19. Power and water bills
  20. Entry tickets of ASI monument
  21. Consumer cooperative stores
  22. Taxes and penalties to government bodies Court fees
  23. Seeds at state-owned outlets
READ  Old note deposit limit reduced : Check out now

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