If you’re dreading the long ATM and bank queues.
UPDATE: The government has extended its deadline to 24 November for these transactions. This copy has been updated to reflect the same.
The government and the Reserve Bank of India are urging the public to use plastic money and avoid repeated trips to bank branches to avoid hassles, in the wake of the currency demonetisation move. The long queues outside ATMs and banks are set to get worse on Sunday as banks will be shut on Monday.
However, people have until 24th November, RBI says, to use the discontinued ₹500 and ₹1000 bank notes at the following 15 places:1For making payments in government hospitals for medical treatment and pharmacies in government hospitals for buying medicines with doctor’s prescription. 2For making payments in all pharmacies on production of doctor’s prescription and proof of identity. 3For purchases at consumer cooperative stores operated under authorization of central or state governments. This will require ID proof. 4For purchase at milk booths operating under authorization of the central or state governments. 5For payments on purchases LPG gas cylinders. 6For purchase of petrol, diesel and gas at the stations operating under the authorization of public sector oil marketing companies. 7For making payments towards utility charges including water and electricity. These will be restricted to individuals or households for payment of only arrears or current charges and no advance payments will be allowed. 8For making payments towards any fees, charges, taxes or penalties, payable to the central or state governments including municipal and local bodies. 9At railway ticketing counters, ticket counters of government or public sector buses and airline ticketing counters at airports for purchase of tickets 10For making payments to catering services on board, during travel by rail. 11For making payments for purchasing tickets for travel by suburban and metro rail services. 12At international airports, for arriving and departing passengers, who possess specified bank notes, the value of which does not exceed five thousand rupees to exchange them for notes having legal tender character; 13For making payments for purchase of entry tickets for any monument maintained by the Archaeological Survey of India. 14For foreign tourists to exchange foreign currency or specified bank notes, the value of which does not exceed Rs 5,000 to exchange. 15For payments at crematoria and burial grounds.
Read RBI’s full list of FAQs on currency exchange here.