Demonetisation: RBI lists out what you can do with the cash you have in emergency
RBI has updated its FAQ with a list of various ways you can use your unspent Rs 500 and Rs 1000
After the ban on use of Rs 500 and Rs 1,000 from 8 November midnight, the government has said it would allow spending these denominations in select counters. Earlier, the deadline for this was 11 November. Considering the public demand, the government extended the deadline to 14 November on Friday and also added some more services to the list.
In an updated FAQ, the Reserve Bank has listed out how the cash can be used in emergency situations:
1) For making payments in Government hospitals for medical treatment and pharmacies in Government hospitals for buying medicines with doctor's prescription;
2) At railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses and airline ticketing counters at airports for purchase of tickets;
3) For purchases at consumer cooperative stores operated under authorisation of Central or State Governments and the customers shall provide their identity proof;
4) For purchase at milk booths operating under authorisation of the Central or State Governments;
5) For purchase of petrol, diesel and gas at the stations operating under the authorisation of Public Sector Oil Marketing Companies;
6) For payments at crematoria and burial grounds;
7) At international airports, for arriving and departing passengers, who possess specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character;
8) For foreign tourists to exchange foreign currency or specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character.
9) For making payments in all pharmacies on production of doctor’s prescription and proof of identity;
10) For payments on purchases LPG gas cylinders;
11) For making payments to catering services on board, during travel by rail;
12) For making payments for purchasing tickets for travel by suburban and metro rail services;
13) For making payments for purchase of entry tickets for any monument maintained by the Archaeological Survey of India.
14) For making payments towards any fees, charges, taxes or penalties, payable to the Central or State Governments including Municipal and local bodies;
15) For making payments towards utility charges including water and electricity -which shall be restricted to individuals or households for payment of only arrears or current charges and no advance payments shall be allowed.
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As mentioned above, some of the holidays will be marked in specific areas or cities only. Hence, these leaves are not uniform. Customers are advised to plan their visits to the bank accordingly.