Refund will not be issued for Air Tickets bough using old Rs.500 & Rs.1000 notes. Railway had decided not to give new notes for tickets purchased in last 48 hours. The refunds above Rs.10,000/- for railway ticket cancellation will be credited directly to the bank account.

Director General of Aviation had given instruction to Airline Companies not to cancel booked tickets in last 48 hours and not to issue refunds against the ticket.

The decision came on the reports that the people are using the cancellation facility to make good their undisclosed income.