RBI cuts validity of old ₹500 notes
01 Dec 2016
The RBI in a sudden move has reduced the validity of old ₹500 notes to be used in petrol pumps and to buy airline tickets.
RBI had earlier stipulated that old ₹500 notes could be used at petrol stations and airports until 15 December, but has reduced it till 2 December now.
The move was made as over 50% of demonetized notes were returned.
The Demonetization Saga
01 Dec 2016
The RBI in a sudden move has reduced the validity of old ₹500 notes to be used in petrol pumps and to buy airline tickets.
RBI had earlier stipulated that old ₹500 notes could be used at petrol stations and airports until 15 December, but has reduced it till 2 December now.
The move was made as over 50% of demonetized notes were returned.
The Demonetization Saga
