Last day to use Rs 500 old currency note

New Delhi : With government deciding not to extend date for using Rs 500 old currency note for certain activities such as paying utility and hospital bills and purchasing cooking gas cylinders, today is the last day to make maximum out of it or there will be only one option left to deposit them in banks on or before December 31, 2016.

"Exemptions for use of old Rs 500 notes will end on 15 Dec midnight," economic affairs secretary Shaktikanta Das tweeted. "There will be no extension," Das told TOI and said people can deposit the old 500 and 1,000 rupee notes at bank branches.

Earlier, government had decided to make usage of Rs 500 note illegal in Petrol pumps from December 2 onwards.

The usage of old Rs 500 and Rs 1000 notes as legal tender was banned by Prime Minister Narendra Modi On November 8. However, at some government outlets usage of such currency was allowed with a time bracket.