Railways to accept old currency notes only till 10th December..

Here’s a piece of news for you all!

You can only use your Rs. 500 and Rs. 1000 notes until December 10th, which was earlier valid till December 15th. The defunct currency can be used at rail ticket counters, metros, and government-run buses. Moreover, old currency notes can be used to make payments for catering services onboard trains.

Some exemptions till December 15th include payment at pharmacies, government hospitals, and LPG gas cylinders.

Other places where you can use defunct notes include burial grounds, tickets for monuments (maintained by Archeological Survey of India), penalties payable to the government, utility payments, purchase of seeds, government college fees, government school fees with a limit of 2,000 per student, and payment for mobile top-up up to Rs 500.

Demonetisation has hit us hard! Consequently, the government is trying hard to promote digital transactions and has even announced a scheme to incentivise cashless payments. Service tax on payment of up to Rs. 2000 made through cards is also being waived off.