The
central government on Thursday said over the counter exchange of old Rs 500, Rs
1,000 currency notes will be stopped with effect from midnight. Also, the Rs
1,000 notes has been banned from public use from now on including for essential
activities listed under the exemptions. The government has also extended the
deadline for exemptions, where old Rs 500 notes can be used till 15 December.
The government further clarified that foreign tourists will be
allowed to exchange foreign currency up to Rs 5,000 per week
Following
are the list of places where the old Rs 500 notes will continue to be accepted
till 15 December:
· All government Schools will accept old Rs 500 notes as academic
fees up to a limit of Rs 2,000 per student.
· Central or state government colleges will also accept fees in cash in old
currency notes.
· Citizens can now recharge their pre-paid mobile phones in
old currency up to a limit of Rs 500 per top-up.
· Consumer cooperative stores will also accept old Rs 500
notes, however, there will be a limit of Rs 5,000 at a time.
· Individuals and households can pay current bills and arrears dues
in old currency for water and electricity only.
· The toll charges remain
suspended till the 2 December and thereafter payment can be made in old Rs 500
notes. This facility will be available only till 15 December.
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