Government has withdrawn the relaxation to make following payment in cash with old demonetised Rs. 500 Notes with effect from 10th December 2016-

1. At railway ticketing counters, ticket counters of Government or Public Sector Undertakings buses for purchase of tickets

2. For making payments to catering services on board, during travel by rail

3. For making payments for purchasing tickets for travel by suburban and metro rail services

(Department of Economic Affairs)
New Delhi, the 7th December, 2016

S.O. 3678(E).—In exercise of the powers conferred by sub-section (2) of section 26 of the Reserve Bank of India Act, 1934 (2 of 1934), the Central Government hereby further amends the notification of the Government of India, in the Ministry of Finance, Department of Economic Affairs number S. O. 3408 (E) dated the 8th November, 2016 published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) dated the 8th November, 2016, namely:—

1. In the said notification, in paragraph 1, clause (b), clause (l) and clause (m) shall be omitted with effect from the 10th  December, 2016.

[F. No. 10/03/2016-Cy.I]


Note : The principal notification was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 3408(E) dated the 8th November, 2016 and subsequently amended vide notification numbers S.O. 3416(E) dated the 9th November, 2016, S.O. 3429(E) dated the 10th November, 2016, S.O. 3445(E) dated the 11th November, 2016, S.O. 3447(E) dated the 13th November, 2016, S.O. 3448(E) dated the 14th November, 2016, S.O. 3480(E) dated the 17th November, 2016, S.O. 3489(E) dated the 18th November, 2016, S.O. 3490(E) dated the 20th November 2016, S.O. 3544(E) dated the 24th November, 2016 and S.O. 3598(E) dated the 30th November, 2016.

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Category : Fema / RBI (3494)
Type : Notifications (15850) Notifications/Circulars (32001)
Tags : black money (727) Demonetization (475) RBI Notifications (1972)

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