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Here's what you can still do with your old Rs 500, Rs 1,000 notes

Are you standing in a long serpentine queue to exchange the banned currency notes of Rs 500 and Rs 1,000 notes at any of your bank branches?



If you are not aware already, there's still some time left for you to use the old currency notes of Rs 500 and Rs 1,000 notes at various other government-designated places, without having the fear of currency being rejected.

True, one can exchange the banned notes by depositing it with the banks till 30 December 2016. But, in the hurry to get their notes exchanged, people have already fallen into a panic mode the very first day ATMs resumed functioning. Bankers feel, this scenario will continue at least for next 10 days.

But, amidst the panic, what people forget is the 72-hours window that is still on (till 11 November midnight) to use the old lot of currency notes.

Here's the list of various places which one can use to exhaust his/her banned currency denomination notes.

1) If one has to pay for the hospital bills and need to buy medicines, he or she can you use the banned notes to pay at government hospitals and buy medicinal drugs from the government-owned pharmacists.

2) You can also use the notes to buy tickets at railway ticketing counters and public sector undertaking buses and at airline ticketing counters at airports.

3) Further, the banned currencies can be used at milk booths and also for making purchases at consumer cooperative societies.

4) For someone who has expired in your family, these notes can be used at crematorium and burial grounds.

5) If you are not using public transport and prefer your own private vehicle, you can use these notes at petrol, diesel and gas stations of public sector oil marketing companies such as outlets belonging to HPCL, BPCL, IOC etc.

6) For passengers arriving and departing at international airports and foreign tourists wanting to exchange foreign currency at airports are allowed up to a specified amount.

7) The government has also made a provision for you to buy LPG cylinder, pay for your medicines with doctor's prescription, and also pay for your utility bills.

8) Finally, one can also use to pay fees for charges, taxes, penalty to central and state governments, including municipalities and local bodies.

Updated Date: Nov 11, 2016 17:00 PM

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