The State Bank of Pakistan (SBP) has once again reminded the general public that September 30,2011 (today) is the last date for exchanging Rs 500 old design (bigger size) banknote.
The banknotes can be exchanged from the field offices of SBP Banking Services Corporation and branches of all banks including microfinance banks (MFBs) operating in the country till September 30, 2011 Friday (today) otherwise it will be become a piece of paper as the old notes will not be acceptable after September 30, 2011.
The SBP has again clarified that SBP or 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 announced deadline as from October 01, 2011 the old design (bigger size) Rs 500 banknote will cease to be a legal tender.
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