Rs 500 old-design banknote will cease from Oct. 1, 2011

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Faridi
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Rs 500 old-design banknote will cease from Oct. 1, 2011

Post by Faridi » Jan 11, 2011 Views: 3168

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.

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Post by admin » Jan 11, 2011

i received some sms telling me that it has ended on january 1th.
Thanks fir this info

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Cyra
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Post by Cyra » Jan 11, 2011

mje b btaya tha kisi nay,

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Post by Faridi » Jan 11, 2011

teto wrote:mje b btaya tha kisi nay,
abb to pata chal geya hy 1 oct sa 500 ka old notes bekar hoo jay ga

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Post by Cyra » Jan 11, 2011

Faridi wrote:
teto wrote:mje b btaya tha kisi nay,
abb to pata chal geya hy 1 oct sa 500 ka old notes bekar hoo jay ga
tm bank walay sab collect kar k kia kartay ho un notes ka??

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Post by Faridi » Jan 11, 2011

teto wrote:tm bank walay sab collect kar k kia kartay ho un notes ka??
state bank ma submit karna hy then after state bank in notes ko crash kar ka burn karay ga

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Post by Cyra » Jan 11, 2011

Faridi wrote: state bank ma submit karna hy then after state bank in notes ko crash kar ka burn karay ga
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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Post by Faridi » Jan 11, 2011

teto wrote:mtlb waste kar daitay hain,
agar wo economy mai rahain to kia etraz hai,
mtlb kiyon roz roz new notes aatay hain
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 hy

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Post by Faridi » Jan 11, 2011

Here one more thing jo ap dosto sa share karooo ga ma

state bank na Rs 5/= wala notes bhi print karna band kar dia hy
mean abb 5/= ruppes wala new notes print nahe hoo ga wohe chala ga jo phala sa stock ma majood hy ya market ma hy

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Post by Cyra » Jan 11, 2011

Faridi wrote:Here one more thing jo ap dosto sa share karooo ga ma

state bank na Rs 5/= wala notes bhi print karna band kar dia hy
mean abb 5/= ruppes wala new notes print nahe hoo ga wohe chala ga jo phala sa stock ma majood hy ya market ma hy
acha bhai ji
hmain pta hai..

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