Demonetised currency notes of ₹ 500 can be used for paying utility bills, buying medicines or recharging prepaid mobile bill until tomorrow (December 15) midnight only as the government has decided not to extend the exemptions date.
Post December 15, old notes of ₹ 500 can only be deposited in bank accounts.
“Exemptions for use of old Rs 500 notes will end on December 15 midnight,” Economic Affairs Secretary Shaktikanta Das tweeted.
The government had already withdrawn some of the relaxations earlier. Booking railway or flight tickets and making payments at petrol pump and toll plazas by using the old Rs 500 notes has already been stopped.
While cancelling legal tender of ₹ 500 and ₹ 1,000 notes on November 8, the government had allowed them to be used for utility bill payments for the first 72 hours. This deadline was extended repeatedly and the last extension was granted till December 15.
Since the demonetisation announcement, the government has been pushing towards promoting digital transactions and has come out with a string of measure to promote cashless payments.
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 PTI)