The Federal Government has declared that the old-design banknote of Rs 500, which
was introduced in April 1986, shall cease to be legal tender with effect from 1st October, 2011
and hence cannot be exchangeable from this date.
Accordingly, the State Bank has asked the general public to exchange the old-design
banknote of Rs 500 from the field offices of SBP Banking Services Corporation and the
branches of all commercial banks throughout the country up to 30th September, 2011.
It may be pointed out here that the State Bank has already completed the issuance of
new design banknote series of all denominations (including Rs 500), which started with the
launching of Rs 20 denomination banknote in 2005, to improve the security features,
durability and aesthetic quality of banknotes.
Rs 500 old-design banknote will cease from Oct. 1, 2011
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- Faridi
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Because in notes ka security futers khatam hoo gay hy. In nots ma real and fake pachana mushkil hoo geya hy and state bank na 500 ka new notes bulk ammount ma print karwya hoa hy and in ki cost bhi kaam hy printing ki thats why or bhi reasons hyteto wrote:mtlb waste kar daitay hain,
agar wo economy mai rahain to kia etraz hai,
mtlb kiyon roz roz new notes aatay hain
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