NEW DELHI: From the midnight tonight, old currency notes of Rs 500 will not be accepted at railway ticketing counters, ticket counters of Government or public sector undertaking buses for purchase of tickets.
According to the Government decision, the said high value old currency notes will also not be accepted for making payments to catering services on board, during travel by rail, and for purchasing tickets for travel by suburban and metro rail services.
This was decided by the Government after reviewing the different operational aspects of the matters related to the cancellation of the legal tender character of old high denomination notes of Rs 500 and Rs 1,000.
According to the Finance Ministry, there has been a declining trend in the receipt of these old currency notes of Rs 500 and Rs 1000. Further, a number of steps have been taken for promoting digital transactions. (AGENCIES)
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