Prize bonds are a form of investment and gambling offered by the government of Pakistan through the National Savings Pakistan organization. They are available in various denominations, including Rs. 100, Rs. 200, Rs. 750, Rs. 1,500, Rs. 7,500, Rs. 15,000, Rs. 25,000, and Rs. 40,000.
Prize Bond Schedule:
The State Bank of Pakistan (SBP) and National Savings Pakistan announce the prize bond schedule for each year. The schedule includes the draw dates and locations for each denomination. The draws are usually held on a quarterly basis, but the exact dates may vary. It is recommended to visit the official National Savings Pakistan website or the SBP website for the most up-to-date schedule.
Prize Bond Draws:
On the specified draw dates, the draws are conducted in a transparent manner under the supervision of the relevant authorities. The lucky draw is conducted through a computerized system known as the Central Directorate of National Savings (CDNS).
Prize Bond Results:
After each draw, the results are announced and published on the National Savings Pakistan website, as well as in major newspapers. The results include a list of winning bond numbers and the corresponding prizes. Winners are categorized into different prize tiers, including first, second, and third prizes, along with numerous smaller prizes.
If you have a winning prize bond, you can claim your prize by submitting the bond to the State Bank of Pakistan or any authorized branches of commercial banks. Proper identification and documentation may be required during the prize claim process. It is important to note that prize money exceeding a certain threshold may be subject to applicable tax deductions as per the regulations of the Federal Board of Revenue (FBR).
Prize bonds can be purchased from authorized branches of commercial banks or directly from the State Bank of Pakistan.
Prize bonds are valid for multiple draws until they are claimed.
Unclaimed prizes are held in a pool and can be claimed even after the respective draw has taken place.
Prize bonds are non-transferable and cannot be sold or transferred to another person.
For detailed and up-to-date information about prize bonds in Pakistan, it is recommended to visit the official National Savings Pakistan website (www.savings.gov.pk) or contact the State Bank of Pakistan or authorized commercial banks.