New Delhi, Dec 9, 2016: Railways, Metro, buses will not settle for old Rs 500 notes after December 9. Making a U-turn inside a couple of hours, the government on Friday superior by a day the final date for utilizing the outdated Rs 500 notes to buy tickets for journey by prepare, government- or public sector undertaking-run buses and commuting on suburban and Metro rail providers.
Railways, Metro, buses will not settle for old Rs 500 notes after December 9.
The guillotine was additionally applied to make use of of the previous Rs 500 notes to pay for catering providers on board throughout journey by rail.
In a communication right here, the government stated that efficient December 9 midnight previous Rs 500 notes can not be used for availing these providers as Railways, Metro, buses will not settle for old Rs 500 notes after December 9.
“The government has been reviewing the totally different operational points of the issues associated to the cancellation of the authorized tender character of old excessive denomination notes of Rs 500 and Rs 1,000,” a press release by the Finance Ministry mentioned.
“There was a declining development within the receipt of the outdated currency notes of Rs 500 and Rs 1,000. Additional, quite a lot of steps have been taken for selling digital transactions,” it added when Railways, Metro, buses will not settle for old Rs 500 notes after December 9.
Photo Courtesy: zeenews.india.com
