The Centre on Thursday announced that demonetised Rs 500 notes will not be accepted by the Railways, buses or metros after December 10, ANI reported. The move means that the public will not be able to use the discontinued notes across major transportation networks in the country. The government had earlier said that people could use the scrapped notes in the public transport sector till the midnight of December 15.
On December 5, it was announced that demonetised notes of Rs 500 would be accepted at all toll plazas across National Highways till December 15. The country has been grappling with a cash crunch, with the Reserve Bank of India and Centre’s repeated revision of rules to exchange the scrapped notes. On November 27, RBI Governor Urjit Patel said the bank was “taking all necessary actions to ease the genuine pain of the citizens who are honest and have been hurt” by the move.