The government on Thursday announced new rules for dealing with exchange of Rs 500 and Rs 1,000 notes. There will be no over the counter exchange of old Rs 500 and Rs 1,000 notes after November 24 midnight. Payments for the transactions under all the exempted categories will now be accepted only through old Rs 500 notes. After that toll payment at these toll plazas may be made through old Rs 500 notes from December 3 to December 15. Also, petrol pumps and LPG stations will accept old Rs 500 notes till December 15.

Source: Hindustan Times November 24, 2016 14:49 UTC