However Government has stopped the exchange process of the old 1000 rupees notes and now you can’t exchange the old notes with the new ones and can neither use it as a currency. However you can still deposit your old 1000 rupees notes into your account. So as of now you can only get exchanged your old 500 rupees note but only till December 15. There are only a few places where you can still use your old 500 rupees note for payment. We have prepared a list of few places where 500 notes will be accepted till the midnight of 15 December 2016.