Use old Rs 500 and Rs 1000 notes until 24th Nov
Posted on: 14/Nov/2016 12:44:31 PM
The government has extended the deadline to use demonetized Rs 500 and Rs 1000 notes at select places as announced earlier. Accordingly, the extended deadline is 24th November 2016.
For the second time now, the allowed period of usage of Rs 500 and Rs 1000 notes at places including petrol bunks, toll gates, government hospitals, etc is extended. At the same time, the maximum withdrawal limit from banks is also extended.
New Rs 500 notes
The government had rolled out the newly printed Rs 500 notes yesterday. Once these get available at bank counters, it will be able to cope with the high demand.
The maximum withdrawal limit from ATM counters is increased from Rs 2000 to Rs 2500. Likewise, the limit for exchanging old notes for new notes is also increased from Rs 4000 to Rs 4500. The banks have pleaded the government to raise the total withdrawal limit from banks from Rs 20,000 to Rs 24,000. Separate queues are being lined up at banks for senior citizens and physically challenged to get their old rupee notes exchanged with ease.
Last night, the PM Narendra Modi had conducted a discussion regarding demonetization of Rs 500 and Rs 1000 notes and black money issue.
