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Petrol pumps, airports won’t accept Rs 500 notes from Saturday

Government had already extended the deadline of using the old high value notes for utility bill payments twice since PM announced demonetisation.
RS 500 note

The old Rs 500 notes will be accepted at petrol pumps and for buying airline tickets at airports only till midnight of December 2 instead of December 15 announced earlier.

According to the latest announcment, with effect from December 3, 2016, old Rs 500 notes cannot be used for purchase of petrol, diesel and gas at the stations operating under authorisation of public sector oil marketing companies and for buying airline tickets at airport counters.

Government had already extended the deadline of using the old high value notes for utility bill payments twice since PM announced demonetisation.

On November 8, the government had allowed their use for utility bill payments for 72 hours. Government amended it to state that only the old 500 rupee notes could be used for payment of utility bills like electricity and water, school fees, pre-paid mobile top-up, fuel purchase and airline ticket booking.

Also, the government has dropped earlier announced plan to allow the use of 500 rupee notes for payment of toll at national highways from December 3.

Toll payment in both old 500 and 1,000 rupee notes was accepted till December 2 and from December 3 it was to be limited in 500 rupee notes. But now this facility too has been withdrawn.

So from December 3, fuel purchase, airline ticket booking at airport counters and highway toll payment would be allowed only in lower denomination currency or the new 500 and 2,000 rupee notes.

Sources said the move to curtail use of old notes at petrol pumps and highway toll plazas follows reports of the facility being misused to launder black money.
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