Currency Demonetisation: Telecos Extend Bill Payment Due Date by 3 Days
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The demonetisation of 500 and 1000 rupee banknotes has caused a panic among the public. In India where cash is the primary mode of transaction, currency demonetisation from the midnight of November 8 has led to liquidity crunch. In this scenario, the telecos extended the deadline for their subscribers to pay mobile bills by three days.
Bharti Airtel, the Indian global telecommunications services company, extended the bill payment on mobile and fixed telephony, broadband and subscription TV services due date to November 15, 2016. In a similar move, Vodafone India, the second largest mobile network operator in India after Bharti Airtel, also extended the same facility to its subscribers.
An Airtel spokesperson said, “Apart from extending bill payment due date to postpaid customers by up to 3 days, we are providing some talk time or data load to prepaid customers to ensure there is continuity of services and they are not inconvenienced.”
Surprise and Bold Action Move:
The sudden late-night currency demonetisation was done in an effort to crack down on black money and to contain the rising incidence of fake notes. Starting from today, the people can get new 500 and 2000 notes cleared by RBI from all the branches of commercial banks or at any post office.