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Old notes to be accepted till Nov 24; Micro ATMs being installed, withdrawal limits increased
In a bid to ease the inconvenience faced by people due to the current demonetisation decision of the government, government has decided to extend the deadline for using old Rs. 500 & Rs. 1,000 notes in specific places till midnight of 24 November.
Earlier, the government had said that these notes will be accepted at specific places till 14th of November.

The decision was taken after the Prime Minister held a late night meeting with senior ministers on Monday to review the impact of demonetisation.

"This limit for such transactions is being extended from 14th November midnight to 24th November midnight. This is keeping in mind public convenience and the representations we have received." ANI quoted Economic Affairs Secretary (EAS) Shaktikanta Das.

As per the government's order, the old notes can be used at petrol pumps, government hospitals, buying gas cylinders, pharmacies, crematoriums, burial grounds, consumer cooperative stores, government milk booths, paying electricity & water bills, metro rail tickets, railways and monuments maintained by the Archaeological Survey of India.

The government has also revised the daily limit to exchange the old Rs 500 & Rs 1,000 from Rs 4,000 to Rs 4,500 per day. The daily cash withdrawal limit at ATMs has also been increased from Rs 2,000 to Rs 2,500.

For withdrawal from bank counters, the weekly limit has been increased from Rs 20,000 to Rs 24,000. The maximum limit of Rs 10,000 per day on such withdrawals has also been removed.

The government has also planned to install micro ATMs throughout the country. These micro ATMs will dispense cash with same limits and rules as ATMs.

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