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 may also check numerous prize bonds at once by entering all of the numbers in the appropriate boxes and then pressing the search button to start the procedure. In the blink of an eye, you’ll have the answers to your questions.
What is the best way to check old Premium Bonds?
While many NS&I Premium Bond holders check every month to see if they’ve won, others take a more carefree approach to bond ownership.
As a result, there are over 2.1 million Premium Bond rewards worth around £75 million that are just waiting to be collected.
So, if you haven’t done so already, double-check your numbers to see whether you’ve already won.
Prizes for NS&I Premium Bonds are frequently unclaimed due to a misunderstanding. It’s usually because:
In 2020, NS&I reported that 180,000 cheques totaling over £8 million were returned to them, the majority of which were due to winners moving and forgetting to update their information.
So, first and foremost, double-check that NS&I has your current address or change your account so that any prize money is transferred directly into your bank account.
Remember that there is no time limit for collecting your prizes, so no matter how much time has passed, you can still claim them.
The rest of this article will walk you through the procedure, but before we get started, it’s worth noting that the large prize-winning numbers can be found in our Premium Bond winners article, which is published at the beginning of each month.
Viewing your prize history
Your NS&I number was supplied to you when you signed up for the online or phone service, and it can be found on any letter you’ve received since then.
It’s exactly what it sounds like an app that tells you if you’ve won anything. It will display the total value of your rewards as well as the bond numbers that correspond to them.
Your holder’s number, which is used to group all of your Premium Bonds together, is required by the app.
If you’re not sure what your phone number is, it’s either 10 or 9 digits long, or eight digits long followed by a letter.
If that fails, you can contact NS&I for a new bond record by calling 08085 007 007 (UK) or +44 1772 329880 (outside the UK).
The most convenient way to do so is to go online. You can look at the most recent results, unclaimed prize bond numbers from the previous six months, and any earlier awards you haven’t claimed yet (if you won anything).
You may use your Amazon Alexa to look for unclaimed rewards if you have one.
You can also write to NS&I and request your prize history, remembering to include your name, address, date of birth, and NS&I or Premium Bonds holder number. In exchange, you will receive a list of the rewards you have won.
How to claim Premium Bond prizes
You can call NS&I if you discover out you’ve won a reward but haven’t received it, and you’re registered for their online and phone services.
If you aren’t registered and don’t want to be, you must write to NS&I and state that you have won a reward but have yet to receive it.
If your contact information has changed after you won the prize, you must also state your old and new contact information before signing the letter.
Updating your details with NS&I
If you registered online or by phone, you can update your information by logging onto your account or calling.
Callers in the United Kingdom should dial 08085 007 007, while those outside the United Kingdom should dial +44 1772 329880. Make sure you have your NS&I number and password with you at all times.
Those who aren’t enrolled, however, should contact NS&I to inform them of any changes.
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 procedure for obtaining a bond number?
An RTA ID, which is a unique customer number used for dealing with the RTA and using RTA Web Services as an organisation or joint lessor, is assigned to only joint lessors and organizations. The RTA will have emailed your RTA ID number to the RTA-registered email address for your company. This is a number you should keep safe.
One or more of the bond contributors does not have an email address. What happens now?
To use RTA Web Services, all bond contributors must have a unique email address. Please utilize the paper Bond lodgement form if one or more bond contributors do not have an email address.
I’m lodging a bond or a bond increase as a joint lessor, what is my registered email address?
The RTA communicates with your organization/joint lessor partnership primarily through your registered email address. To use the Bond Lodgement Web Service, you must give this email address.
Are signatures required to submit a digital form using RTA Web Services?
Web Services do not require signatures because your digital identity is validated through QGov. Digital ID verification helps keep your online transactions with the RTA secure by replacing your signature on a paper form with a digital ID verification.
I’m lodging a bond increase, what is my bond number and where can I find mine?
If you’re using the Bond Lodgement Web Service to increase your bond, you’ll need to know your bond number. If you’re filing a fresh bond, you won’t need a bond number.
A bond number is a unique number assigned to your bond at the moment of lodgement (maximum of nine digits).
You can find your bond number on your Acknowledgement of Rental Bond, which was given to you when your bond was paid to the RTA, if you’re filing a bond increase. You can view bond numbers for tenancies you manage on eServices or on your Acknowledgment of rental bond if you are a property manager/owner with an eServices account.
I’m lodging a bond increase on behalf of an organisation or as a joint lessor. I’ve received an error message saying the RTA does not have my email address. What should I do?
Before using Web Services, joint lessors and organizations must furnish an email address to the RTA for security reasons. This should be the primary email address used by your company/joint lessor partnership to communicate with the RTA. By completing the Update your details paper form and mailing it to the RTA, you can register your email address with the RTA.
Joint lessors can also register their email address with the RTA by contacting us between the hours of 8.30 a.m. and 5 p.m., Monday through Friday (excluding public holidays).
Are prize bonds renewable?
National prize bonds (bearer or unregistered) are set to expire this month, and after December 31, 2021, the bills will be worthless. Bearer bonds with values of Rs7,500, Rs15,000, Rs25,000, and Rs40,000 must be withdrawn by December 31, 2021, according to the government.
Do prize bonds have an expiration date?
The National Lottery, to its unending shame, only gives people 90 days to claim their rewards Pricewatch’s continuous nightmare is that we’ll find out we’ve won the Lotto 91 days after the draw while prize-bond winning tickets never expire.
Are prize bonds still available?
Prize bonds have traditionally been popular among Irish savers because they are government-backed, tax-free, and offer the possibility to win significantly more than a deposit. In 2009, for example, annual prize bond sales were around 369.6 million, with a total prize fund of only 1 billion.
When do Irish prize bonds get drawn?
In Ireland, there is no tax on winnings. The draw occurs once a week, generally on Friday. Prize Bonds are automatically placed into every draw, with thousands of dollars up for grabs each week. The last weekly draw in March, June, September, and December awards a 250,000 reward.