Old Rs 500 notes can be used to buy fuel, airline tickets till Dec 2

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indian-currencyThe deadline for using demonetised Rs 500 currency notes to buy airline tickets at airports and purchase fuel at petrol pumps has been slashed from December 15 to December 2.

From December 3 onwards, people would not be allowed to purchase petrol or diesel fuel, book airline tickets and pay highway toll only in lower denomination notes as per a government notification.

This move follows reports of black money laundering at petrol pumps and highway toll plazas. The move has been taken to ensure smooth circulation of the new currency notes and to stop those who only take advantage of the facility to exchange demonetised currency notes.

The deadline was extended twice so far. On November 24, when the second deadline lapsed, it was stated, apart from buying airline tickets and fuel, old Rs 500 notes could be used for paying utility bills such as power, water school fees, pre-paid mobile bills, at railway and PSU bus counters. However, payment of utility bills has been allowed by old Rs 500 and Rs 1,000 notes, 72 hours after December 8.

Earlier, the government decided to allow payment of toll within the city/cities and national highway by only old Rs 500 after December 2, but now this facility has been withdrawn.

While the old note will continue to be accepted for the other utility bill payments and at railway and PSU bus ticket counters till December 15, it will be discontinued from purchase of fuel and airline tickets at airport counters.