OLD DESIGN BANKNOTES
"Effective from 1st December 2016, old design banknotes of Rs. 10, 50, 100 and 1000 will cease to be legal Tender as per Federal Government’s Gazette Notification dated 4th June 2015. The commercial/microfinance banks shall accept the old design banknotes of Rs. 10, 50, 100 and 1000 and exchange the same with the new design banknotes and coins of all denominations up to 30th November 2016 only. These notes will be surrendered to the nearest/linked field offices of SBP Banking Services Corporation / Chest branches of National Bank of Pakistan by the Banks in suitable lots up to 30th November 2016.
The Federal Government vide Gazette Notification F.No.2 (1) IF-III/2010 dated December 23, 2021, has extended the last date of exchange of these old design banknotes from the field offices of the SBP Banking Services Corporation up till December 31, 2022.
