Thursday, March 28, 2024
HomeNationGovernment extends deadline to use old notes for essential utility bills till...

Government extends deadline to use old notes for essential utility bills till November 24

- Advertisement -

government-extends_av

In respite for the millions who are scrambling across the country to exchange their old notes and pay their utility bills, the Government on Monday announced that old Rs. 500 and Rs. 1,000 notes can to be used until November 24 for certain transactions.

“Exemption on old series of Rs 500, 1000 notes for certain categories extended till November 24 midnight,” said Shaktikanta Das, Economic Affairs Secretary.

The time limit to use old notes for paying household utility bills, fuel, taxes and fees as well as purchases from co-operative stores was set to expire on November 14 (tonight), but in a huge relief, the government has extended the deadline by ten more days.

The the government had allowed use of the old currency at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/burial grounds and petrol pumps.

On Sunday, the cash withdrawal limit at ATMs was hiked to Rs. 2,500 from Rs. 2,000 a day.

The weekly limit of Rs. 20,000 for withdrawal from bank counters was also increased to Rs. 24,000. The maximum limit of Rs. 10,000 a day on such withdrawals has been removed.

The Centre’s demonetisation move has “inconvenienced” people across the country, as no “adequate” backup arrangements were made, Kerala Chief Minister Pinarayi Vijayan said on Monday.

“Eighty-four per cent of currency that was in circulation has been demonetised. There was no backup for the currencies withdrawn. The lapse on the part of Narendra Modi government was a grave one that should not have happened from any government at all,” Mr. Vijayan said.

The Government extended the suspension of fees at all toll plazas on National Highways across the country till midnight of November 18.

An official press release said the extension had been made in order to ensure smooth movement of traffic on national highways.

- Advertisement -
- Advertisement -
- Advertisement -

Latest

Must Read

- Advertisement -

Related News