Rs. 500 Notes Without OVI Flag are Legit: State Bank

State Bank of Pakistan has clarified that Rs. 500 currency notes without OVI (Optical Variable Ink) are legitimate.

Central bank issued this clarification in response to some sections of social media reports regarding authenticity of Rs 500 banknotes without OVI flag.

State Bank said that it had introduced new design banknotes of Rs 500 in 2006. These banknotes carry state of the art security features, besides, change in size, design and color scheme.

Later on another security feature, the color shifting flag made of Optical Variable Ink (OVI) was added to enhance the anti-counterfeiting resilience and ease in identification by the general public.

This, however, resulted in availability of both types of Rs 500 banknotes viz issued during 2006-2009 without OVI, and issued w.e.f January 25, 2010 with OVI feature.

“It is, therefore, clarified for benefit of all concerned that new design banknotes of Rs 500, with and without OVI flag, are genuine provided all other security features are intact”, said the central bank of Pakistan.

It said that everyone is encouraged to learn more about the security features in Pakistani banknotes through SBP’s official website.

  • Muhammad Farooqi

    OK.. sir! Thank you . you saved my money

  • Rocky

    Thanks for the info.

  • matlab jali notes itny zaida ho gaye k SBP ko onhain regularize kanra parh gaya good

    • continuedhere

      nah you are just making stuff up. bullshit gets way too much traction in pakistan.

      the sbp has demonetized notes before. if there was a problem of counterfeit notes it would demonetize them like it did with the old design 500 and 1000 rupee notes.

  • kab se khatam ho rahe hain notes

    • Muhammed Ovais Alam

      Jaise hi mujhe aap day do apne saaray 500 k notes woh khatam ho jaenge (aap k paas se) ;)

      • hamare total 3 note hai.
        aap ko kidhar bhejun.. apna address bolo

        • Muhammed Ovais Alam

          Bank account?

          • number bhejiay account ka hum aap ke account teeno note daal deta hoon

            • Muhammed Ovais Alam

              Janab aae nahi abhi tak woh paisay. PM kr to diay thay hum aap ko account number.

  • Muhammad Sharif Cheema

    Thanks(Old vs new)

    • Mr Iqbal

      Thanks for the Info

  • Rafay Memon

    Then how come notes from 2008 are better in condition than the notes issued in recent years like 2015 n all.
    I got a 500 note from a fuel station it was like brand new with all the so called safety checks except for the flag returned the note n got a replaced 500 with glag and in pathetic condition of 2015.

  • Rafay Memon

    “This, however, resulted in availability of both types of Rs 500 banknotes viz issued during 2006-2009 without OVI, and issued w.e.f January 25, 2010 with OVI feature”

    Wrong As per the sample ovi flag shown in website is on 2009 note.
    And where it is mentioned that notes without ovi flag are legit.

  • Tahir Mahmood

    One old lady kept as secret savings of old Rs.500/- currency notes of amounting to Rs.20,500/- as her savings in a far flung area. The saved amount was for her daughter’s marriage ceremony. But one day few days back, she took out one old note to buy some thing but at that time she became aware of the situation that his hard saved money has lost its value and has become ZERO VALUE.
    Now she needs help to exchange these old notes
    Contact No. 03431506615
    Husband Name Aman Ullah

  • Yasir Bilal

    Need 1000 waly old pakistani note at 70% ( Mean 1000 = 700 per note) Minimum 20 Lac 03349050754