Thursday, 1 December 2016

Old Rs 500 notes valid till Dec 2 for fuel, air ticket purchase

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Government has cut short the deadline of using old Rs 500 notes at petrol pumps and for buying airline tickets at airports till December 2 instead of December 15 announced earlier. With effect from December 3, 2016, old Rs 500 notes cannot be used for purchase of petrol, diesel and gas at the stations operating under authorization of public sector oil marketing companies and for buying airline tickets at airport counters, a government notification said. While junking old 500 and 1,000 rupee notes on November 8, the government had allowed their use for utility bill payments for 72 hours. 

This deadline was extended twice and when the last one was to expire on November 24, it amended it to state that only the old 500 rupee notes could be used for payment of utility bills like electricity and water, school fees, pre-paid mobile top-up, fuel purchase and airline ticket booking. While the old note will continue to be accepted for the other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15, it will be discontinued for purchase of fuel and airline tickets at airport counters.

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