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Today is last day for exchanging old Rs 500, Rs 1000 rupee notes: What you must know

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Thu November 24 2016, 3:15 pm
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    The woman has been visiting the RBI from last three days to exchange Rs 5,000 in old notes. (PTI)

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    Following the demonetisation of Rs 500 and Rs 1000 notes on November 8, the government had granted permission to use the old notes at public utilities such as government hospitals, petrol pumps, railway ticketing centres. Nonetheless, this was further extended by another 72 hours with the government adding to the list of currency acceptance centres to feasably workout the exchange process, especially in bigger cities like Delhi, Mumbai, Bengaluru, etc. (Reuters)

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    The added currency exchange centres were metro rail tickets, highway toll gates, pharmacies, airline tickets at airports, consumer cooperative stores, LPG gas cylinders, power and water bills, milk booths, crematoria/burial grounds, entry tickets for ASI (Archaeological Survey of India) monuments, where the old notes will be accepted. (PTI)

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    Meanwhile, the public standing in long queues outside banks and ATMs, either to exchange notes, deposit or withdraw cash, has become a regular phenomenon albeit the lines are getting shorter. For those who still have these banned notes, then they should not really worry as they can still exchange the old notes at banks till December 30, 2016. (PTI)

  1. S
    sujit singh
    Mar 6, 2017 at 6:58 am
    I have denomination of rs 500 notes. Is there any possibility to exchange?
    Reply
  2. N
    NG
    Nov 24, 2016 at 9:53 am
    The le of this article is misleading. The reality as stands is that the extended period for usage of old 500 and 1000 notes at public utilities and emergency services ends today, unless further extended. The "exchange" is only at banks and would still happen through the end of December 2016.
    Reply

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