Use your ← → (arrow) keys to browse
Payment of utility bills and arrears will continue to be accepted, but these payments have now been limited to water and electricity, and that too only for individuals and households.Foreign citizens will be permitted to exchange foreign currency upto Rs 5000 per week, with entries of these transactions recorded in their passports.
Other exemption categories that will continue for the use of the old Rs 500 notes are the payment of school fees up to Rs 2000 in government-run schools and colleges; mobile phone top-ups up to Rs 500 and purchases from Consumer Cooperative Stores up to Rs 5000 at a time.
The old currency notes would also be accepted for payments at toll plazas from December 3 to 15, with the toll suspensions continuing till December 2.
This leaves a decreasing number of avenues for the use of the now-demonetised high-value notes – deposits into bank accounts or payment of dues and arrears to select government departments – and pushing towards the government’s idea of a cashless economy. Earlier in the day, Union Finance Minister Arun Jaitley had said there are 80 crore debit cards in the country, of which 40 crore are active.
(Sourced from agencies, feature image courtesy:oneindia.com)
Use your ← → (arrow) keys to browse
