RBI says no data on demonetised 500, 1,000 notes used at petrol pumps

The Reserve Bank of India admitted that it has no data on the demonetised Rs 500 and Rs 1,000 notes used to pay utility bills and for fuel at petrol pumps. These transactions have formed a good part of the demonetised currency that returned to the banking system.The Modi-led BJP government demonetised Rs 500 and Rs 1000 notes on November 8, 2016, in a shocking decision. The government allowed the exchange of junked notes as well as they being used for payment of utility bills for 23 services.The demonetised currency notes could be used at government hospitals, railway ticketing, public transport, airline ticketing at airports, milk booths, crematoria/burial grounds, petrol pumps, metro rail tickets, purchase of medicines on doctor prescription from the government and private pharmacies, LPG gas cylinders, railway catering, electricity and water bills, ASI monument entry tickets and highway toll.The exchange of old notes was stopped and the government allowed the use of only old 500 rupee notes at these utilities till December 15, 2016. Eventually, the use of these notes was also stopped at petrol pumps.

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