New Delhi: The Central Government on Thursday decided that there will be no over the counter exchange of old Rs. 500 and Rs. 1000 notes after midnight of Nov 24.


“The Central Government has been reviewing the issues related to the cancellation of legal tender character of old Rs. 500 and Rs. 1000 notes. The Government has also been receiving various suggestions in this regard,” the Finance Ministry said in a statement.

While old Rs 1,000 notes are no longer valid for transactions, Rs 500 notes can still be used until December 15. Here is a list of places where you can still use the old 500 rupee notes.

  1. Toll payment at toll plazas can be made via old Rs.500 notes from 3.12.2016 to 15.12.2016 as toll free arrangement continues up to 2nd December.

  2. Payment of school fees up to Rs 2000 per student in Central,State,Municipality & local body schools will b accepted through old Rs 500 notes.

  3. Payments towards pre-paid mobile top-up to a limit of Rs. 500 per top-up will be accepted through old Rs 500 notes.

  4. The government has allowed use of the old currency to make payments at co-operative stores subject to valid identity proofs being provided. However, the payments will be limited to Rs. 5000 at a time.

  5. Old Rs 500, Rs 1000 notes will be accepted for payment charges, taxes, penalty to central and state governments, including municipalities and local bodies.

  6. Public utility bills (electricity and water bills) which will include only household bills can be paid in old 500 rupee notes.

  7. Seeds, using old notes, can be bought from the outlets of central or state governments, state-run enterprises and national or state seeds companies and agricultural universities upon furnishing a valid proof of identity.

  8. Court fee will also be allowed to be paid in old 500 rupee notes.

  9. Foreign tourists can continue to exchange up to Rs.5,000 per week using old Rs.500 notes. Entry to this effect will be made in their passports.

  10. The demonetized Rs 500 and 1,000 notes can be used for deposits in post office savings accounts.

  11. Payments at government hospitals.

  12. Buying tickets at railway ticketing counters, for airline ticketing at airports and public transport.

  13. Buying metro rail tickets.

  14. Payments at milk booths operating under central and state governments.

  15. At crematoria/burial grounds.

  16. Purchase of petrol, diesel and gas at stations operated by state-run oil companies.

  17. Purchase of medicines on doctor'S prescription from the government and private pharmacies.

  18. Purchase of LPG gas cylinders.

  19. Payments of railway catering services during rail travel.

  20. Purchase of Archaeological Survey of India entry tickets.(With inputs from agencies)