Old Rs. 500 and Rs. 1,000 notes, scrapped last week in a sudden announcement by Prime Minister Narendra Modi, will be accepted at government hospitals, petrol stations, private nursing homes and as bills and toll fee for 10 more days.

Here are the latest developments on Money Exchange:

• The finance ministry on Sunday directed banks to increase the daily cash withdrawal limits at ATMs to Rs 2,500 from Rs 2,000 and over the counter exchange limit to Rs 4,500 from Rs 4,000.
• The government decided to increase the weekly withdrawal limit from bank accounts to Rs 24,000 from Rs 20,000, while the per day withdrawal limit of Rs 10,000 was removed.
• New Rs. 500 notes, which is expected to ease pressure on banks and improve liquidity in the market.
• New Rs. 2,000 notes will be available in ATMs from today or tomorrow, the government announced today amid a nationwide scramble for cash.
• You can pay your utility bills, hospital bills, buy tickets from your od notes till 24th November.
• Economic Affairs Secretary Shaktikanta Das said the supply of cash will be increased to post offices and a special team is working on recalibrating ATMs so they can dispense new notes.
• Banks have received 3 trillion rupees ($44.4 billion) in deposits in the first four days, the Finance Ministry said in a statement late on Sunday.
• About Rs 50,000 crore has been dispensed to customers by either withdrawal from their accounts or withdrawal from ATMs or by exchange at the counter, the statement said.
• The finance ministry has also advised banks to arrange mobile banking vans at major hospitals to carry out emergency banking transactions for patients. The government has asked banks to make arrangements for separate queues for senior citizens and physically challenged.
• The finance ministry has also asked banks to increase the issuance and use of mobile wallets and debit/credit cards and give them to those customers and establishments who do not have access to these non-cash means of payment.
• To ensure cash availability in rural areas, the government has asked states’ chief secretaries to identify the rural pockets where availability of cash has been a problem.