Use of old Rs. 500 notes exempted

The use of the old Rs 500 notes has been exempted, effective midnight. Hence, it is not possible for people to make payments for utility services and to pay bills at government hospitals, with the old Rs 500 notes.

Economic Affairs Secretary Shaktikanta Das tweeted on Wednesday regarding the news-

Well, if you still have old Rs. 500 and Rs. 1000 notes at home then you need not worry, as you can still deposit the old decommissioned Rs 500 and Rs 1,000 notes in the bank till December 30, 2016.

Featured image: Money Connexion

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