A breath of relief.
The government of India has now stopped over the counter exchange or payment done through the old notes of Rs 500 and Rs 1000 from November 24, midnight. But still, all doors are not closed for you and there are exemptions for certain activities and transactions wherein you can still use the banned notes.
All the following places will accept the Rs 500 notes until the midnight of 15 December 2016, but no Rs 1000 notes will be accepted.
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Which has a limit of Rs 5000 at a time.
One good way to use the notes.
Which has a limit of Rs 500 per top up.
1. Governmental Milk Booths
2. Burial grounds and Crematoriums
Source: The Economic Times