Accept old Rs 500/1,000 notes till Nov 11: NHAI to toll plazas

a 500 note
To avoid long queues at toll plazas Pan India, the government today asked them to accept the old Rs 500 and Rs 1,000 currency notes till November 11 midnight.

The decision was taken after National Highways Authority of India (NHAI) Chairman Raghav Chandra took up the matter with the Prime Minister's Office after being flooded by calls from states over the grim situation at toll plazas.

"We have issued instructions to all 365 toll plazas across the country to immediately accept currency denominations of Rs 500 and Rs 1000 till November 11 midnight to ease the situation of jams and long queues at toll booths," Chandra told PTI.

Chandra said he contacted the PMO as well as the Finance Ministry to apprise them of the condition at the plazas after being inundated by calls from commuters as well as state government officials over traffic congestion.

"Several Chief Secretaries including Chief Secretaries of Haryana and Gujarat besides commuters contacted us about the situation. Many travelers narrated their plights," he said.

On being apprised of the situation, the government allowed toll plazas to accept Rs 500 and Rs 1,000 denominations.

"NHAI has issued instructions to all concessionaires and developers including people managing toll plazas to abide by the instructions to ensure that travelers do not face any problems due to traffic hazards," he said.

The Rs 500 and Rs 1,000 denomination notes are legally accepted tenders at plazas till November 11 midnight, he explained.

"Meanwhile we are strictly monitoring the situation and keeping a close eye so that commuters can travel without any inconveniences," Chandra said.

Prime Minister Narendra Modi last night announced the decision to ban Rs 500 and Rs 1,000 currency notes from last midnight.

Declaring a "decisive" war against black money and corruption, Modi also listed a raft of steps to assure commoners that their money is safe.

In his first televised address to the nation two-and-a- half-years after assuming office, he had announced a 50-day window from November 10 to December 30 for those having these notes to deposit them in their bank and post office accounts "without any limit".

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel