After Narendra Modi-led government move to demonetize Rs. 500 and Rs. 1000 currency notes, many people are left cashless. The queues at the ATMs and banks are long. Not only that, bank servers at several branches reportedly collapsed and several ATMs went dry within a few hours.
To help the public, government has extended use of Rs. 500 and Rs. 1000 currency notes for public utility bills which includes electricity bills, property taxes by another 72 hours.
Earlier, the government had allowed use of old currency for paying money at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/burial grounds and petrol pumps for 72 hours.
However, it had to be expanded and now, people are allowed to pay for metro rail tickets, purchase of medicines from the government and private pharmacies using old currency.
It also includes payment for LPG gas cylinders, railway catering, electricity and water bills and ASI monument entry tickets.
The official told PTI, “While the old notes were allowed to be accepted for highway toll payment, the Ministry of Road Transport and Highways has freed national highways of any toll charges till November 14.”
On November 8, the Prime MInister took the nation by surprise when he announced that Rs. 500 and Rs. 1000 currency notes won’t be considered as legal tender. The move was taken to curb black money and received appreciation from many.