(Express photo by Ganesh Shirsekar)The Finance Ministry on Thursday decided that there will be no over the counter exchange of old Rs. 500 and Rs 1,000 notes after midnight of November 24, among other measures. The government also said that certain other exemptions relating to cancellation of legal tender character of old Rs. As far as petrol pumps are concerned, Minister of State for Petroleum and Natural Gas Dharmendra Pradhan today announced that after midnight, petrol pumps and LPG shops will continue to accept old Rs 500 notes till December 15, however old Rs 1,000 notes will not be accepted. Payments for the transactions under all the exempted categories will now be accepted only through old Rs.

Source: Indian Express November 24, 2016 14:36 UTC