Banned Rs. 500, Rs. 1,000 notes exchange will continue at the counters of the Reserve Bank

The government also extended exemptions in use of old currency notes till December 15, with certain additions and modifications. However, payments for the transactions under all the exempted categories will now be accepted only through old 500 notes.

This means that the exemption granted for use of old 500 notes at petrol pumps, government hospitals and public utilities will continue till December 15. So also for the purchase of LPG gas cylinders, buying of train tickets at railway counters, plane tickets at airport tickets and bus tickets at counters of government or public sector undertakings.

(Sourced from agencies, feature image courtesy:oneindia.com)