KARACHI: September 30, 2011 is the last date for exchanging Rs. 500
old design (bigger size) banknote. The State Bank of Pakistan (SBP) has
once again reminded the general public to exchange this banknote from
the field offices of SBP Banking Services Corporation and branches of
all banks including microfinance banks (MFBs)operating in the country.
It
may be pointed out that the State Bank of Pakistan/SBP Banking Services
Corporation will neither exchange nor be liable to pay any value of
such banknote to any person or a bank after the above mentioned
deadline as from October 01, 2011 the old design (bigger size) Rs. 500
banknote will cease to be a legal tender.
SBP has already asked
all banks including MFBs to facilitate the general public in exchanging
Rs. 500 old design (bigger size) banknote within the stipulated
deadline of September 30, 2011 Online
