TIL Desk/Business/New Delhi-Amid reports of misuse, government yesterday put an end to the use of old Rs 500 notes for buying fuel at petrol pumps and purchasing tickets at airports from Saturday, while exemption for payment of toll on highways will also end tomorrow. Earlier, these facilities and the toll exemption were to continue till December 15.
All toll plazas on National Highways have been equipped with card swipe (PoS) machines through which people can make payments using their credit or debit cards, although people will be allowed to use old 500 notes for paying toll above Rs 200 or for purchasing FASTags from midnight of December 2.
The government had last week extended the time period of use of invalid currency notes for making payment of public utility bills, buying petrol, mobile recharge, rail tickets and air tickets at airport till December 15. However, it has decided to withdraw the facility for use of old 500 notes at airports and petrol pumps from midnight of December 2.
The ministry said that processes of production, dispatch and distribution of currency notes have been continuing and more cash is flowing into the system steadily and digital transactions have also made an impressive progress and are expected to significantly improve during the coming days.
