Govt lifts exemption on use of ₹ 1000 & 500 notes to book railway, bus tickets from Dec 10
From December 10 onwards, citizens cannot use old ? 500 and ?1000 notes to book railway and bus tickets and also to book suburban and metro rail services, according to an official notification on December 7. It is also applicable for making payments at railway catering services, and railway booking counters, added the notification.
In a major shift in its policy of exemptions on the use of old notes, the Central Government has come up with more tough measures by lifting exemptions on use of old notes of ₹ 500 and ₹1000 denominations.
From December 10 onwards, citizens cannot use old ₹ 500 and ₹1000 notes to book railway and bus tickets and also to book suburban and metro rail services, according to an official notification on December 7.
Earlier, government has announced that the exemption on banned notes will be effective till December 15, and it will be applicable to make cash payments in all the government run hospitals, pharmacies, consumer cooperative stores and also milk booths and crematoria under government.
However, citizens could still make payments for some of the government services such as LPG gas cylinders, tickets for any monument under the Archaeological Survey of India, according to the early notification. The exemption is applicable also to pay government fees, charges, taxes , penalties or also to pay utility payments.
Similarly, purchase of seeds from government outlets and school fees up to a limit of ₹ 2,000 in government run educational institutions are also exempted.
Customers can also pay for pre-paid mobile top-up up to ₹ 500 for each transaction, added the notification.
Finance Minister Arun Jaitley has announced some soaps to card users on Thursday by offering 11 measures including a discount for those who buy petrol and diesel by cards.
The government also announced a 10 % discount on all online transactions for insurance premium payments, and setting up over one million PoS by March 2017 across the country to ensure currency.
Efforts have been made to facilitate digital payments and cashless transactions, added government.
"Towards this end, banks have already placed orders for 6 lakh PoS machines and another 4 lakh PoS machines are likely to be ordered in the next few days," said the government in an official statement.