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No over the counter exchange of old ₹ 500 and ₹ 1000 notes after midnight of 24.11.2016;.Certain other exemptions continued till 15th December 2016 with certain additions and modifications.

News and Press Release - Dated:- 24-11-2016 - After due consideration of all relevant aspects, the Central Government takes various decisions relating to certain operational aspects of the Scheme relating to cancellation of legal tender character of old ₹ 500 and ₹ 1000 notes. The Central Government has been reviewing the issues related to the cancellation of legal tender character of old ₹ 500 and ₹ 1000 notes. The Government has also been receiving various suggestions i .....

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are still unbanked, to open new bank accounts. Consequently, there will be no over the counter exchange of old ₹ 500 and ₹ 1000 notes after midnight of 24.11.2016. (ii) Government had also permitted various exemptions for certain transactions and activities wherein payment could be made through old ₹ 500 and ₹ 1000 notes. It has been decided that all these exemptions, with the additions and modifications as detailed below, may be continued for a further period from the m .....

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