Demonetisation: Old Rs 500 notes valid until 2 Dec to buy fuel, air ticket; not 15 Dec

New Delhi: Government has cut short the deadline of using old Rs 500 notes at petrol pumps and for buying airline tickets at airports till 2 December instead of 15 December announced earlier.

People crowd at a petrol pump to fill petrol as the Prime minister ordered to ban 500 and 1000 rupees notes. PTI

People crowd at a petrol pump to fill petrol as the Prime minister ordered to ban 500 and 1000 rupees notes. PTI

With effect from 3 December, 2016, old Rs 500 notes cannot be used for purchase of petrol, diesel and gas at the stations operating under authorisation 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 8 November, 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 24 November, it amended it to state that only the old Rs 500 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.

Also, the government has dropped earlier announced plan to allow the use of Rs 500 notes for payment of toll at national highways from December 3.

Toll payment in both old 500 and 1,000 rupee notes was accepted till 2 December and from 3 December it was to be limited in 500 rupee notes. But now this facility too has been withdrawn.

So from 3 December, fuel purchase, airline ticket booking at airport counters and highway toll payment would be allowed only in lower denomination currency or the new 500 and 2,000 rupee notes.

Sources said the move to curtail use of old notes at petrol pumps and highway toll plazas follows reports of the facility being misused to launder black money.


Updated Date: Dec 01, 2016 12:30 PM

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