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14December
2016
Exemptions provided for the use of old
Rs 500 notes will come to an end at the midnight of December 15, or Thursday,
not December 14 as a section of media claimed, the Finance Ministry said on
Wednesday.
"Exemptions for use of old Rs 500
notes will end on 15 Dec midnight. Sections of media reporting wrongly as if
it's tonight (December 14)," Economic Affairs Secretary Shaktikanta Das
said in a tweet on Wednesday. The Total
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The government had earlier permitted
various exemptions for certain transactions and activities wherein payment
could be made through the old Rs 500 currency notes till December 15.
The usage of old Rs 500 notes at railway
ticketing counters, to buy tickets of government or public sector undertaking
buses and to pay catering services on board during travel by rail was
discontinued from December 10 midnight.
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Exemption for old notes for purchase of
air tickets, petrol, diesel and gas at stations of state-run oil companies had
come to an end on December 2. The payment at toll plaza in demonetised currency
was also withdrawn earlier. The Total
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After Thursday midnight, Rs 500 notes
would no longer be allowed to be used for the list of exemptions the government
had announced. However, the demonetised Rs 500 and Rs 1,000 notes can be
deposited in bank accounts till December 30. The Total Investment & Insurance Solutions
The government demonetised Rs 1,000 and
Rs 500 currency notes on November 8.
Following is a list of areas where the
concession to use the denotified Rs 500 notes is applicable till Thursday
midnight:
- Payment of fees up to Rs 2,000 per
student in central and state government colleges as well as central government,
state government, municipality and local body schools.
- Payments towards pre-paid mobile to a
limit of Rs 500 per top-up.
- Purchase from consumer cooperative
stores limited to Rs 5,000 at a time.
- Payment of current and arrear dues of
water and electricity utility bills for individuals and households.
- Foreigners can exchange foreign
currency up to Rs 5,000 per week. Necessary entry to this effect made in their
passports.
- For payments in government hospitals
for medical treatment.
- For use in all pharmacies for buying
medicines with doctor's prescription.
- For purchases at government-run milk
booths.
- For payments at crematoria and burial
grounds.
- For use at international airports for
arriving and departing passengers up to Rs 5,000.
- For purchase of LPG gas cylinders.
- For purchase of entry tickets at
monument maintained by the Archaeological Survey of India.
- For payments towards fees, charges,
taxes or penalties, payable to central or state governments, including
municipal and local bodies. The Total
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- For payments towards court fees.
- For payments towards purchase of seeds
from designated state-run outlets.The
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