Govt to accept old Rs 500, Rs 1000 notes till November 24
This is the second time government has extended the date as banks continue to struggle to dispense cash, creating problems for people in emergency. If you are in emergency and need urgent cash for hospitalisation or life saving medicines you can use old banknotes.
- Nov 14, 2016,
- Updated Nov 14, 2016 11:46 AM IST
The central government has extended the use of old Rs 500 and Rs 1000 notes under "certain category of transactions".
"The limit for such transactions is being extended from 14th November midnight to 24th November midnight," Economic Affairs Secretary (EAS) Shaktikanta Das reportedly said.
This is the second time government has extended the date as banks continue to struggle to dispense cash, creating problems for people in emergency.
If you are in emergency and need urgent cash for hospitalisation or life saving medicines you can use old banknotes. According to RBI, specified banknotes can be used as under:
1- For making payments in Government hospitals for medical treatment and pharmacies in Government hospitals for buying medicines with doctor's prescription.
2- At railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses and airline ticketing counters at airports for purchase of tickets.
3- For purchases at consumer cooperative stores operated under authorisation of Central or State Governments and the customers shall provide their identity proof.
4- For purchase at milk booths operating under authorisation of the Central or State Governments.
5- For purchase of petrol, diesel and gas at the stations operating under the authorisation of Public Sector Oil Marketing Companies;
6- For payments at crematoria and burial grounds.
7- At international airports, for arriving and departing passengers, who possess specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character.
8- For foreign tourists to exchange foreign currency or specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character.
9- For making payments in all pharmacies on production of doctor's prescription and proof of identity.
10- For payments on purchases LPG gas cylinders.
11- For making payments to catering services on board, during travel by rail.
12- For making payments for purchasing tickets for travel by suburban and metro rail services.
13- For making payments for purchase of entry tickets for any monument maintained by the Archaeological Survey of India.
14- For making payments towards any fees, charges, taxes or penalties, payable to the Central or State Governments including Municipal and local bodies.
15- For making payments towards utility charges including water and electricity -which shall be restricted to individuals or households for payment of only arrears or current charges and no advance payments shall be allowed.
Further information visit: www.rbi.org.in and www.finmin.nic.in
You may approach the control room of RBI by email or on Telephone Nos 022 22602201 - 022 22602944
The central government has extended the use of old Rs 500 and Rs 1000 notes under "certain category of transactions".
"The limit for such transactions is being extended from 14th November midnight to 24th November midnight," Economic Affairs Secretary (EAS) Shaktikanta Das reportedly said.
This is the second time government has extended the date as banks continue to struggle to dispense cash, creating problems for people in emergency.
If you are in emergency and need urgent cash for hospitalisation or life saving medicines you can use old banknotes. According to RBI, specified banknotes can be used as under:
1- For making payments in Government hospitals for medical treatment and pharmacies in Government hospitals for buying medicines with doctor's prescription.
2- At railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses and airline ticketing counters at airports for purchase of tickets.
3- For purchases at consumer cooperative stores operated under authorisation of Central or State Governments and the customers shall provide their identity proof.
4- For purchase at milk booths operating under authorisation of the Central or State Governments.
5- For purchase of petrol, diesel and gas at the stations operating under the authorisation of Public Sector Oil Marketing Companies;
6- For payments at crematoria and burial grounds.
7- At international airports, for arriving and departing passengers, who possess specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character.
8- For foreign tourists to exchange foreign currency or specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character.
9- For making payments in all pharmacies on production of doctor's prescription and proof of identity.
10- For payments on purchases LPG gas cylinders.
11- For making payments to catering services on board, during travel by rail.
12- For making payments for purchasing tickets for travel by suburban and metro rail services.
13- For making payments for purchase of entry tickets for any monument maintained by the Archaeological Survey of India.
14- For making payments towards any fees, charges, taxes or penalties, payable to the Central or State Governments including Municipal and local bodies.
15- For making payments towards utility charges including water and electricity -which shall be restricted to individuals or households for payment of only arrears or current charges and no advance payments shall be allowed.
Further information visit: www.rbi.org.in and www.finmin.nic.in
You may approach the control room of RBI by email or on Telephone Nos 022 22602201 - 022 22602944