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Only this bank will allow you to exchange ₹500, ₹1000 notes

  • Only RBI will exchange old ₹500 and ₹1000 currency notes
  • However, old ₹500 can be used at various places till December 15
Only this bank will allow you to exchange Rs 500 Rs 1000 notes
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The Centre had announced that no banks will accept ₹500 and ₹1000 currency notes from Thursday midnight.


Thus now, the demonetised notes will be accepted at the RBI branches. An individual can exchange maximum of ₹2000 per day.


The Reserve Bank of India has sent a circular to its branches in the states with this regard.


In addition, the old ₹1000 will not even be accepted at government offices including at government post offices, hospitals, milk booths, railway ticket booking centres, mortuaries to pat pay electricity bill and water bills.


However, old ₹ 500 currency notes can be used till 15th December. The exchange is restricted to a few particular places. Here is a list:

1) Pre-paid mobile top up (up to ₹ 500 only)

2) Consumer cooperative outlets (maximum up to ₹ 5000)

3) Payment of fees in state/central government colleges

4) Foreigners can exchange their foreign currency (up to ₹ 5000 in a week)

5) Water and electricity balance amount can be paid (but restricted only for domestic use)

6) Toll fee (3rd December to 15th December only)

7) Payment of fees in Municipality schools (up to ₹ 2000 only)

8) Government hospitals

9) Railway tickets

10) Public transport

11) Flight tickets

12) Milk booths

13) Crematorium/mortuary

14) Petrol pumps

15) Metro train tickets

16) Purchase/sale of pharmaceuticals (doctor’s prescription is mandatory)

17) LPG gas cylinder

18) Railway catering

19) Telephone bills

20) HOPCOMs outlets

21) Court fine and payment of taxes

22) Purchase of seeds in government owned outlets

23) Entry fees in Government owned monuments


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