Lucknow: After PM Narendra Modi’s decision to ban the old high denomination currency of Rs 500 and 1000, on the 8th of November.
The Uttar Pradesh government has decided to allow old currency notes of Rs 500 for purchasing stamps, an official said on Saturday.
Giving this information, Inspector General of Registration Anil Kumar said that in this regard necessary orders have been issued.
The exemption is only for the old Rs 500 currency notes and would remain valid till December 15. However, the old currency of Rs 1,000 denomination would not be accepted for the purpose of stamp and registration.
Kumar said that as per a Union government notification of November 24, old notes of Rs 500 would be accepted for clearing stamp duty till December 15, 2016.