New Delhi: The Airports Authority of India (AAI) has allowed scheduled commercial banks to open and operate currency exchange counters at its airports free of cost up to December-end. 

 "Regional executive directors/airport directors of AAI airports have been directed accordingly. In case of query, if any, regional executive director /airport director of the particular airport of AAI may be contacted," the country's largest airport operator said in a statement on Thursday.

Prime Minister Narendra Modi announced on 8 November that notes of Rs500 and 1,000 will no longer be legal tender, sparking a shortage of currency.

AAI has already waived car parking charges at airports across India for a week as it tries to reduce hardship for passengers affected by the sudden withdrawal of high-value currency notes.