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The saga of banning and unbanning continues

As per the latest government notification, from December 3 onwards, old currency notes of Rs. 500 will not be accepted at airline ticket counters and petrol pumps. This announcement amended the earlier notified last date as December 15 till which the use of such notes will be permitted. The Road Transport Ministry said “the old Rs. 500 notes will be accepted till the midnight of December 15, but this will only be for purchasing FASTags and for making toll payments of more than Rs. 200”. Thus, it will not be possible for commuters using jeeps, cars and vans to use old Rs. 500 notes for toll tax payment as at most National Highway stretches, these are lower than Rs. 200 for a single journey. The Central government has clarified that there are enough swipe machines at all toll plazas for accepting payments through credit or debit cards. Thus, with effect from midnight of December 2, 2016, purchase of air tickets at airports will have to be done through non cash/digital payments. Similarly, diesel, petrol, and gas outlets of public sector gas and oil marketing companies which was earlier in exempted category for acceptance of old Rs. 500 bank notes will also be removed from therein. Besides these, all other exempted categories as notified in the November 24 decision will be allowed to use the old currency notes till December 15. These include payments at ticket counters for railways and government buses and government hospitals and all pharmacies for prescribed medicines.

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