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BREAKING

Old Rs 500, Rs 1,000 currency notes cannot be used to buy railway, bus tickets from today

The Finance Ministry Had Issued A Notification Withdrawing Facility Of Using The Now-defunct Notes At Suburban And Metro Rail Services, Railway Ticketing Counters And Ticket Counters Of Government Or PSU Buses From December 10.

News Nation Bureau | Edited By : Kanishk Sharma | Updated on: 10 Dec 2016, 11:51:53 AM
The old 500 rupee notes will continue to be used for making payments of utility bills like electricity and water as well as buying cooking gas and mobile recharge. (File photo)

New Delhi:

The scrapped currency of Rs 500 and 1,000 will not be accepted at railway ticket counters, ticket counters of government-run buses and Metro services from December 10.

The finance ministry had issued a notification withdrawing facility of using the now-defunct notes at suburban and metro rail services, railway ticketing counters and ticket counters of government or PSU buses from December 10.

The same would also not be valid for making payments to catering services on board, during travel by train.

The government had on November 8 while withdrawing legal tender of 500 and 1,000 rupee notes allowed them to be used for utility bill payments for first 72 hours.

Read | Validity of old Rs 500 notes for fuels, air tickets reduced till December 2

This deadline was extended repeatedly and the last extension was granted till December 15.

In between, the government withdrew use of 1,000 rupee notes for utility bill payments and discontinued use of even 500 denomination notes for services like purchase of petrol and diesel at petrol pumps as well as for buying air ticket at airport counters.

The old 500 rupee notes will, however, continue to be used for making payments of utility bills like electricity and water as well as buying cooking gas and mobile recharge.

Since the November 8 demonetisation announcement, the government has been trying to promote digital transactions and had announced a package to incentivise cashless payments.

Read | Delhi High Court rejects PIL for parole to prisoners to exchange old currency notes

Now petrol, railway tickets and insurance policies of PSU companies will cost less if bought through debit/credit cards or other digital modes.

The government also waived service tax for payments up to Rs 2,000 made through cards and decided to do away with transaction fee for payment to the central government departments and PSUs.

(With inputs from agencies)

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First Published : 10 Dec 2016, 09:51:00 AM

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