Demonetisation: Old Rs 500 bank notes not to be accepted by Railways, buses and Metro after December 10

The government on Thursday announced that old Rs 500 bank notes will no longer be accepted at railways, buses and metros after December 10. With effect from December 3, 2016, old Rs. 500 notes were banned 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.

Previous guidelines had it that old notes were 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 tickets till December 15.

After the demonetisation of Rs 500 and Rs 1000 bank notes, the government had allowed their use for utility bill payments for 72 hours.

This deadline was further extended twice, as the last one was to expire on November 24, old 500 rupee notes could again be used for payment of utility bills like electricity and water, school fees, pre-paid mobile top-up, fuel purchase and airline ticket booking.

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