Thursday 15 December 2016

Today last day to use scrapped Rs 500 notes

Demonetisation: Last day to use your old Rs 500
Nashik: Residents will get one last chance to utilise their old Rs 500 notes at permitted utilities, including toll booths, power firms, LPG outlets and for paying government taxes, on Thursday when the phaseout of the scrapped currency will be complete.

From Friday, the old series can only be deposited in one’s bank account till December 30 or exchanged at the RBI until March 31. Utility services and government machinery has appealed to people to utilise the maximum out-of-the-notes to clear arrears.

The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has said people with significant arrears can settle those by making the payments using the old Rs 500 notes on Thursday.

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