Hurry! Your old Rs 500 notes won't be accepted outside banks after midnight tonight

The deadline to use the old Rs 500 note will end today at midnight. The Narendra Modi government had announced a series of exemptions where the old Rs 500 could be used.

From December 15 midnight onwards, the old Rs 500 note can only be deposited in bank accounts till December 30.

While the government had earlier disallowed the usage of Rs 1,000 notes, the government had allowed the usage of old Rs 500 notes till December 15 midnight.

The deadline was extended twice and when the last one was to expire on November 24, it amended it to state that only the old Rs 500 rupee could be used for payment of utility bills like electricity and water, school fees, pre-paid mobile top-up.

"Exemptions for use of old Rs 500 notes will end on December 15 midnight," Economic Affairs Secretary Shaktikanta Das tweeted.(read more)