Thursday, November 24, 2016

Banned Notes: you can still use old Rs 500 notes, Where please see below!!!

Below is the list of places where you can still use old Rs 500 notes:

Rs 1,000 notes are  RIP no longer valid for transactions, while Rs 500 notes can still be used until December 15 as declared yesterday.

1. On Doctor's prescription, at government hospitals and pharmacies
2. Railway ticketing counters, ticket counters of government or state-run buses and ticketing counters at airports.
3. Purchases at consumer co-operative stores.
4. All Milk booths operating under central and state governments.
5. Filling Station for petrol, diesel and gas at stations operated by state-run oil companies.
6. Crematoria and burial grounds.
7. International airports, for arriving and departing passengers.
8. Foreign tourists to exchange currency.
9.  Payments at all pharmacies but with proof by carrying a doctor's prescription and a form of ID.
10. Purchase of cooking gas cylinders.
11. Payment to catering services during rail travel.
12. Purchasing tickets at metro rail services.
13. Purchase of entry tickets for any monument maintained by the Archaeological Survey of India.
14. Fees, charges, taxes or penalties, payable to the central, state governments, municipal and local bodies.
15. Payments for utility charges, including water and electricity. Restricted only to individuals or households for payment of only arrears or current charges and no advance payments are allowed.
16. For court fees.
17. For buying seeds from designated centres.
18. School fees of up to Rs 2,000 per student in central, state government, municipality and local-body schools.
19. Fees in central, state government colleges.
20. Top-up of pre-paid mobile SIMS for up to Rs 500 per recharge.
21. Purchase from consumer cooperative stores limited to Rs 5,000 at a time.

The situation is better in metros where about 25% or more of the daily cash requirement is currently being met. In non-metro areas, the corresponding figure is much lower, they said. The main hurdles in meeting the demand for cash has been choked supply of currency notes from RBI and inability of ATMs to dispense cash as not all of them have been re-calibrated to dispense the new Rs 2,000 and Rs 500 notes.

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