Saturday, November 12, 2016

KSRTC stops accepting Rs 500, 1000 notes

THIRUVANANTHAPURAM: KSRTC has given instruction to its conductors not to accept invalid Rs 500 and Rs 1000 notes. Conductors stopped accepting the notes after 12 am today. The demonetised money collected by long distance bus conductors was deposited in the nearest KSRTC depots.

Though the Centre had relaxed the restriction on the use of old notes (rs 500 and 1000) to further 72 hours, this was not obeyed by the KSRTC. KSRTC officials came out with the clarification that the State government had not given them any instruction in this regard and that was why they were not accepting the invalid notes.  

By the time the Centre issued orders for the extension of relaxation, the working time of KSRTC chief office had ended. As the following two days (second Saturday and Sunday) are holidays, KSRTC may hardly examine the Centre’s order and pass instructions accordingly.

The conductors had struggled to give changes for Rs 500 and Rs 1000 today. In many instances, conductors and passengers had strong verbal fights over the money. Some passengers also just boarded buses to get their invalid money exchanged. 

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