Here`s where you can exchange Rs 500 notes from Friday

Here's where you can exchange Rs 500 notes from Friday

Last Updated: Fri, Nov 25, 2016 12:24 hrs
A man displays 500 Indian rupee notes during a rally organised by India’s main opposition Congress party against the government's decision to withdraw 500 and 1000 Indian rupee banknotes from circulation, in Ajmer

The Reserve Bank of India (RBI) on Friday said the facility to exchange old Rs 500 and Rs 1000 notes will continue to be available at its counters, but not at those of commercial banks.

"The Reserve Bank of India advises members of public that exchange of banknotes in Rs 500 and Rs 1000 denominations whose legal tender status has been withdrawn will continue to be available at the counters of the Reserve Bank up to the current limits per person as hitherto," the RBI said.

"However such exchange facility is no longer available at other banks' counters."

While the Rs 1000 note won't be accepted elsewhere, here's where you can exchange your Rs 500 note:

• At petrol pumps, toll plazas
• At central government, state government, municipality and local body schools where you can pay fees up to Rs 2000 (use four Rs 500 notes that is)
• To pay fees in colleges run by the central and state governments
• For pre-paid mobile top-ups up to Rs 500 for every top-up
• Buy provisions for up to Rs 5000 each time at consumer cooperative stores authorised by central or state governments by providing identity proof
• To pay individual/household water and electricity bills
• To clear bills at government hospitals and at pharmacies to buy medicines with a doctor's prescription
• At railway ticketing counters, government bus ticket counters and for purchasing ticjets at airline counters
• Arriving and departing passengers can exchange up to Rs 5000 at international airports
• To buy LPG gas cylinders.
• To pay on-board caterers during train journeys
• Buy tickets on suburban and metro trains
• Buy entry tickets at monuments under the watch of the Archaeological Survey of India
• To pay fees, charges, taxes or penalties to central or state governments, including municipal and local bodies
• To pay court fees
• To buy seeds from designated state-run outlets
• For payments at crematoriums and burial grounds



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