Prize bonds are one of the best methods to make a lot of money without having to worry about getting tricked or falling victim to a scam or fraud. It’s referred to as a win-win situation because there will be no financial loss in either circumstance. In Pakistan, the Ministry of Finance is in charge of handling and issuing prize bonds, while the Central Directorate of National Savings (CDNS) is in charge of all prize bond matters.
The government first introduced the notion of a prize bond in 1960, and it has continued to aid people since then.
The concept of a prize bond fortunate draw is intriguing, as it allows a lucky person to become wealthy overnight by purchasing these bonds. People can readily purchase prize bonds from Pakistan’s central bank. Furthermore, although there are numerous businesses selling prize bonds, it is suggested that prize bonds be purchased directly from the state bank. If luck is on your side, you can acquire prize bonds in various amounts and win a large sum as a result.
In Pakistan, the government reported 36 draws in a variety of large cities. Each series of prize bonds has a different set of numbers, and each series has a maximum of 1,000,000 bond numbers (1,000,000 bonds). Each prize bond is drawn four times a year (quarterly), and each year, roughly 70,600 Pakistanis win the prize bond, as shown by the bond numbers. People win about 1.6 billion rupees a year through prize bonds, according to the findings.
Denominations of Prize Bond
If you are new to prize bonds, it is critical that you understand the many types of prize bonds. You can choose from eight different types of reward bonds, each with a different denomination.
Each prize bond denomination has a unique winning amount based on the cost of the prize bond. The first three positions for each denomination were announced by the regulatory authorities, and the winning sum for each position differed from the others. The denominations of the prize bonds, as well as the winning rewards for the first, second, and third places, are listed below. Prize bonds are offered in Pakistan in denominations of Rs. 100, 200, 750, 1500, 7500, 15,000, 25,000, and 40,000 (premium).
Prizes of Each Denomination
For the first, second, and third places, the winning amounts from the 100 rupee prize bond are Rs 7,00,000/-, 2,00,000/-, and 1,000/-, respectively.
If you have a prize bond of 200 rupees, you can earn Rs 7,50,000/-, 50,000/-, and 1,250/- for the first, second, and third places, respectively.
For the first, second, and third places, anyone holding a prize bond of Rs 750 can earn Rs 15,00,000/-, 5,00,000/-, and 9,300/-, respectively.
People who have a Rs 1500 prize bond can get Rs 30,00,000, 10,00,000, or 18,500.
For the first, second, and third places, people holding a prize bond of Rs 7500 can collect Rs 1,50,00,000, 50,00,000, and 93,000 respectively.
For the first, second, and third places, anyone holding a prize bond of Rs 15000 can receive Rs 3,00,00,000/-, 1,00,00,000/-, and 1,85,000/-, respectively.
For the first, second, and third places, anyone having a prize bond of Rs 25000 might receive Rs 5,00,00,000/-, 1,50,00,000/-, and 3,12,000/-, respectively.
Note: The Pakistani government has decided to phase out reward bonds with a denomination of Rs 25,000.
For the first, second, and third places, anyone holding a prize bond of Rs 40,000 (premium) can receive Rs 8,00,00,000/-, Rs 3,00,00,000/-, and Rs 5,00,000/-, respectively.
This online portal also allows you to view the calendar of all scheduled drawings for the year 2021. This online service also allows you to check the date of any prize bond draw held in the preceding year with a few clicks on your smartphone.
The process of obtaining any information on a prize bond draw has become simple thanks to this internet tool. To check the outcomes of any prize bond draw, you don’t need to go through any complicated procedures. You can acquire the error-free results of prize bond draws with just a few taps on your mobile. Regardless of whether you enter the current date or the date of a previous draw, you will receive accurate results in a matter of seconds.
This internet service has also allowed you to abandon the traditional technique of inspecting prize bonds, which required you to purchase a list from a market and go through it on your own. Simply input your prize bond number and press the enter key, and the results will appear instantaneously on your screen.
The guidelines below will show you how to check your reward bond quickly and conveniently.
- When you’re finished, type in the date of the prize bond draw in Pakistan.
- Now type in your prize bond number or a sequence of reward bonds (in case you have Prize Bond in series). From 110000 to 110099, for example.
- You can also check multiple prize bonds at once by entering all of the numbers in the appropriate boxes and then pressing the search button to start the process. In the blink of an eye, you’ll have the answers to your questions.
How can I find out what my prize bond number is?
- Tap on the category of your Prize Bond, then on the empty box labeled “No saved bond numbers.” To add, tap here.”
- Select “Single” from the drop-down menu and enter a bond number in the area below. Then, beside the text field, tap the “Plus” icon.
Note that you can add a large number of prize bond numbers to save yourself the hassle of entering each one separately.
Prize Bond also contains several hidden features that may be accessed by tapping the three dot icon in the upper-right corner. There’s a Draw Schedule, a Message Box, and a Forum there. For the time being, the forum is very empty, with only a few threads for bond buying and selling, but that will undoubtedly change as the app’s user base expands.
Wahab Jawed, Zohair Hemani, and Zain Shafi, three recent IBA graduates, founded Avialdo, a budding firm. They’ve also created a variety of other apps, such as MHN Radio and EAlarm.
How do I check the status of my prize Bond 750 online?
The Prize Bond result list 750, as well as the schedule for the 2022 draws, may be found online. People interested in purchasing a prize bond of their desired denomination can obtain information about the National Savings 750 prize bonds by going online. To learn more about the 750 Rs, go to the SBP’s official website or forextrading.pk.
In Pakistan, where can I get prize bond money?
Any National Savings Centre, authorized scheduled bank branches, or State Bank of Pakistan branches can claim the prize money up to Rs. 1,250/-. Prize money in excess of Rs. 1,250/- can only be claimed at State Bank of Pakistan branches.
In Pakistan, which prize bond is the best?
What is the highest premium prize bond prize? The highest prize for a Rs. 40,000/- premium prize bond is Rs. 80 million, and for Rs.
How can I verify the status of my $200 prize bond?
Prize Bond result list 200, as well as the schedule for the 2022 draws, are available online. People interested in purchasing a prize bond of their desired denomination can obtain information about the National Savings 200 prize bonds by going online. To learn more about the 200 Rs, go to the SBP’s official website or forextrading.pk.
What is the best way to look up bonds?
You can verify if you have any lost bonds before submitting anything, according to Leslie H. Tayne, founder of the Tayne Law Group. “Treasuryhunt.gov, which lists matured, uncashed savings bonds, is a shortcut you can employ to find lost savings bonds,” Tayne explains.
Treasury Hunt is an online service provided by the Treasury Department. In 2017, the tool was retired, but it was resurrected in 2019.
Fill out Form 1048
Fill out Form 1048, “Claim for Lost, Stolen, or Destroyed United States Savings Bonds,” on the US Treasury’s website at treasurydirect.gov to look for lost savings bonds.
Tayne advises, “Fill out as much of the form as possible.” “Ask for the purchaser’s Social Security number and an estimate of the purchase timeline.”
Verify for your form
Don’t just sign your form after you’ve completed it to the best of your ability. It must be accredited. This isn’t easy, according to Justin Pritchard, a financial consultant at Approach Financial. “Getting your signature validated is the most difficult element of the procedure,” Pritchard explains. “To finish the process, you’ll need a signing guarantee or another appropriate kind of documentation. Unfortunately, having a paper notarized isn’t enough.”
Go to your local financial institution, such as a bank or credit union, to have your form confirmed. You will sign the form and have it confirmed by the institution’s certifying officer rather than a notary. Make an appointment with your bank or other financial institution ahead of time to see whether they have a certifying officer.
What is the procedure for checking my premium bond prizes?
What to do if you’re not sure if you’ve won. On our website and in our prize checker app, you can use your holder’s number to check the status of your prize. Your holder’s number can be found on your Bond record or by logging onto your account. Your holder’s number is made up of 10 or 9 digits, or 8 digits and a letter.
If you win, will prize bonds contact you?
The good news is that the prizes will be held forever until a bond holder claims them, and each prize winner will be notified at the address last registered with the Prize Bond Company.
On a 1500 prize bond, how much tax do I have to pay?
National Savings – Withholding Tax on Prize Money For prizes won on or after July 1, 2016, the rate of withholding tax on prize money will be 20% in the case of non-filers and 15% in the case of filers.