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KARACHI: The State Bank has once again advised all commercial banks and microfinance banks (MFBs) to desist from issuing the demonetised banknotes of Rs5 and Rs500 (old design and bigger size) to their customers or general public.
They have also been asked to educate their customers and general public for surrendering these demonetised banknotes to their branches and field offices of SBP Banking Services Corporation, says the SBP circular issued on Wednesday.
This directive had been issued after it came to the SBP notice that some commercial banks were issuing these banknotes despite their demonetisation and clear instructions to surrender these banknotes.
The State Bank has also reminded the general public that the last dates for exchanging Rs500 and Rs5 banknotes is September 30, 2012 and December 31, 2012, respectively.
