# No, the Rs 10 note is not being withdrawn: what the State Bank actually said Source: Searchable (https://searchable.pk/news/viral/no-the-rs-10-note-is-not-being-withdrawn-what-the-state-bank-actually-said) Type: News article Author: Searchable Editorial Published: 18 Sept 2026 Updated: 18 Sept 2026 Retrieved: 18 Sept 2026 > A graphic claiming a deadline to exchange Rs 10 notes went round WhatsApp and X this week. SBP calls it baseless. A new note series is proposed, but no denomination has been discontinued. A message claiming the **Rs 10 banknote is being discontinued**, with a deadline to exchange it, spread across WhatsApp groups, Facebook and X this week. The State Bank of Pakistan has rejected it. In a press release on 17 September 2026, SBP called the reports **baseless and without substance**, and said no decision has been taken on replacing or discontinuing any denomination. ## What is true SBP has submitted a proposal for a **new banknote series**, and it is with the Federal Cabinet for consideration. That is the grain of fact the rumour was built on. A proposal is not a decision, and a new series does not by itself retire an old note. The two things have been conflated. ## What SBP said about any future change The central bank set out the process it would follow if a denomination were ever discontinued: - It would be announced through an **official SBP notification**. - The public would be given **adequate time** to exchange the discontinued notes. In other words, no one would learn about it from a forwarded graphic with a countdown. ## Your Rs 10 notes are fine Keep spending them. They remain legal tender. Shopkeepers, conductors, petrol pumps and banks are obliged to accept them, and there is no exchange deadline to meet. If a shop refuses a valid note, that is the shop's problem, not the note's. SBP's Banking Conduct and Consumer Protection Department takes complaints of this kind. ## How to check a currency claim in thirty seconds This one followed the standard pattern of a fabricated graphic: a real logo, an official-looking layout, an urgent deadline and no link to a source. 1. Go to **sbp.org.pk** and look under Press Releases. Every genuine currency decision is published there. 2. Check SBP's verified accounts, not a page with a similar name. 3. Treat any deadline as a red flag. Urgency is the whole point of these forwards. 4. Do not forward it while you check. Under PECA's Section 26-A, spreading false information can carry up to three years and a fine of up to Rs 2 million. We applied the same checks to [two viral Makkah videos](/news/viral/what-two-viral-makkah-videos-really-show-a-2018-yanbu-clip-and-a-2025-madinah-on) and to [a fake three-weekly-holidays notification](/news/viral/3-weekly-holidays-notification-is-fake-what-govt-and-punjab-minister-said) this week. SBP separately warned customers this week to stay alert to online and e-banking fraud, which tends to rise alongside currency rumours because the two share an audience. ## Frequently asked questions **Is the Rs 10 note being discontinued?** No. The State Bank of Pakistan called the reports baseless on 17 September 2026 and said no decision has been taken to replace or discontinue any denomination. **Is there a deadline to exchange Rs 10 notes?** No. There is no deadline because no denomination has been withdrawn. SBP says any future withdrawal would be announced officially with adequate time to exchange. **Is a new banknote series coming?** SBP has submitted a proposal for a new series, and it is under consideration by the Federal Cabinet. That is a proposal, not an approved change, and it does not retire existing notes. ## Sources - SBP rejects reports of Rs10 banknote discontinuation as baseless (Business Recorder): https://www.brecorder.com/news/40439986/sbp-rejects-reports-of-rs10-banknote-discontinuation-as-baseless - State Bank clarifies status of Rs10 note amid social media reports (ARY News): https://arynews.tv/state-bank-clarifies-status-of-rs10-note-amid-social-media-reports - Claims Pakistan central bank decided to phase out 10-rupee banknote rely on fabricated graphic (AFP Fact Check): https://www.yahoo.com/news/world/articles/claims-pakistan-central-bank-decided-065356688.html - State Bank of Pakistan press releases (State Bank of Pakistan): https://www.sbp.org.pk/press/index.htm How to cite: "No, the Rs 10 note is not being withdrawn: what the State Bank actually said", Searchable, 18 Sept 2026, https://searchable.pk/news/viral/no-the-rs-10-note-is-not-being-withdrawn-what-the-state-bank-actually-said