All Government exemptions provided for the use of old Rs 500 notes for utility payments will come to an end at the midnight of Thursday (December 15), not December 14, as a section of media claimed, the Finance Ministry said on Wednesday.

“Exemptions for the use of old Rs 500 notes will end on 15 December midnight,” Economic Affairs Secretary Shaktikanta Das said in a tweet on Wednesday.

The government had previously permitted the use of the old Rs 500 notes for certain transactions and activities. After Thursday midnight, however, the invalid Rs 500 notes can only be deposited in bank accounts till December 30.

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