Prize bonds are an attractive investment option. The Central Directorate of National Savings, Ministry of Finance, Government of Pakistan is controlling and managing all government savings schemes for the benefit of the General Public and as a means of generating working cash for government projects.
The government of Pakistan has launched an attractive scheme called “Prize Bonds”.If you know the basic rules of prize bonds, the process of buying and selling is simplified. Here is what you need to know about Pakistan’s prize bonds. You will also find out where you can buy and sell prize bonds.
What are prize bonds and What are the fundamentals of a prize bond
Prize Bonds are very famous in Pakistan. The main role of State Bank of Pakistan BSC (Bank) in the Prize Bond sale and encashment as an agent to Central Directorate of National Savings, SBP (BSC) is responsible for the management of the scheme in all respects. Presently State Bank of Pakistan issued Two types of Prize Bonds one is the bearer type of security Its ownership belongs to the holder of the instrument just like currency notes Which means that whoever holds the Bond is the owner of the Prize Bond. this type of Bond is available in the denominations of Rs.100, Rs.200, Rs.750, Rs.1,500, and 2nd type is called Premium Prize bonds registered in the name of the Person who purchases premium bonds available in Rs.25,000 and Rs.40,000 denominations.
How to purchase a prize bond
Prize bonds can be purchased and sold out from the branches of the State Bank of Pakistan in each city and office of the national savings center and some designated branches of commercial banks. Prize bonds can also be purchased from the open market in the open market rate of Prize Bonds higher than the banks.
Prize Bond Draw Details and How to check prize bonds online
Pakistani Prize Bonds are issues in the series. Each series of prize bonds consist of one less than 1,000,000. There are four draws of each bond annually. This means all prize bond draws are held quarterly every 3rd-month prize bond draw held in different cities of Pakistan and you can check the Prize bond draw in person in the office of the national saving. Prize bond draw results are also updated on this site you can check online. the scheme is the best way to save money, and you can earn a cash prize if you win 1st or 2nd or 3rd prize in the draw.
Benefits of Premium Prize Bonds How to Apply for Registration
Premium Prize bonds have always been a very popular investment choice among the citizen, but did you know that holding onto them for the long term, can earn you much more than just the prize amount. The government of Pakistan has launched a new and innovative concept of investment in the form of a premium prize bond. The main purpose of the premium prize bonds is to help the investors earn profit as well as win the prize money. The profit rate is 1.79% bi-annual. The new savings bonds scheme is launched and it will be available on all banks and offices of the national savings Centers and some selected commercial banks. Presently, only two denomination of Premium Prize Bond Rs. 40,000 and 25000 is in circulation and others are in the pipeline.
Steps required to claim prize bond winning Numbers
There are 3 steps required to claim your winning prize bond number to claim of cash prize money declared on winning prize bond can be
lodged at any field office of the State bank of Pakistan on the prescribed claim form, which is available at the help desk free of charge. The form duly filled may be submitted along with the following: documents.
- Photocopy of valid CNIC
- Winning prize bond (original) duly signed by the applicant
- Photocopy of the prize-winning bond duly signed by the applicant
Note that No, application forms are required for claiming profit earned from premium prize bond. The profit is directly credited to the investor’s bank account.
Pakistani Prize Bonds Reward Amount
Every bond differs from others in the sense that it holds a different Reward amount and different Bond prices. Prize bonds come in a The following categories start from Rs100 and go up to Rs 40000 Premium Prize Bonds.
- Prize Bond 100 (Student Welfare Bond)
- Prize Bond 200.
- Prize Bond 750.
- Prize Bond 1500.
- Prize Bond 7500. (Closed) The last date of encashment is 31ST MARCH,2022
- Prize Bond 15000. (Closed) The last date of encashment is 31ST MARCH,2022
- Prize Bond 25000. (Closed) The last date of encashment is 31ST MARCH,2022
- Prize Bond 40000. (Closed) The last date of encashment is 31ST MARCH,2022
- Premium Prize Bond 40000 (Registered)
- Premium Prize Bond 25000 (Registered)
Well, this is the most interesting and exciting part that you will find in this article to know about how much prize bond you will win. As we all know, the amount of prize bond is different and the variation in prize amount depends on the number of winners in a particular bond. The reward amount for each of the Pakistani prize bonds varies in range from 1000 PKR minimum prize to 5,000,000 PKR. And the number of winners for each prize bond also varies. The following Table illustrates a brief picture of prize bonds in Pakistan.
|1st Reward||2nd Reward||3rd Reward|
|No||Amount (Rs)||No||Amount (Rs)||No||Amount (rs)|
|Prize bond 100||1||700,000||3||200,000||1,199||1,000|
|Prize bond 200||1||750,000||5||250,000||2,394||1,250|
|Prize Bond 750||1||1,500,000||3||500,000||1,696||9,300|
|Prize bond 7500||1||15,000,000||3||5,000,000||1,696||93,000|
|Prize bond 1500||1||3,000,000||3||1,000,000||1,696||18,500|
|Prize bon 15000||1||30,000,000||3||10,000,000||1,696||185,000|
|Prize bond 25,000||1||50,000,000||3||15,000,000||1,696||312,000|
|Prize bond 40,000||1||75,000,000||3||25,000,000||1,696||500,000|
|Registerd Prize bonds
Premium Prize Bond 40000
Premium Prize Bond 25000
This article explained the prize bonds mechanism and its importance in detail. Prize bonds are a type of investment that is offered by the Government of Pakistan. The prize bond scheme is used to raise funds for the development of the country as well as for the benefit of the people of Pakistan all savings schemes in Pakistan and are considered to be one of the safest ways to invest money and create a steady and impressive return on investment. The prize bonds are known for their high and dependable, yet simple interest rates, which makes them alluring investments for many investors.