ISLAMABAD: The State Bank of Pakistan (SBP) has reminded the general public to exchange demonetized Rs. 5 banknote from the field offices of SBP Banking Services Corporation (SBP BSC) and over 10,000 branches of banks throughout the country up to December 31, 2012.
"Neither SBP/SBP BSC nor banks will exchange or pay any value of such banknote to any person or institution after the above mentioned deadline", the State Bank said in a statement issued today.
It may be recalled that Rs. 5 banknote had already been demonetized by the Federal Government and, hence, it cannot be used as a legal tender.
However, Rs. 5 banknote can only be exchanged from the field offices of SBP BSC and branches of banks till the close of banking hours on December 31, 2012, the statement added.
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