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.
What is the procedure for purchasing Prize Bonds?
What are the options for purchasing State Savings products (including Prize Bonds)?
- Freepost Application Form – Print and complete the relevant application form found here, then mail or deliver it to State Savings, GPO, FREEPOST, Dublin 1, D01 F5P2 or any Post Office.
How do I go about purchasing bonds in Pakistan?
Prize bonds can be easily acquired and encashed in any number at all field offices of SBP BSC (State Bank of Pakistan Banking Services Corporation Bank), offices of National Saving Centers, and designated branches of all commercial banks.
Q. Can I Buy Prize Bond in Pakistan Online?
Prize bonds cannot be purchased online. To purchase the bonds, you must go to any local bank, National Savings, or State Bank. Any online vendor should be avoided.
In Pakistan, which prize bond is the best?
What is the highest premium prize bond prize? Highest Prize of the premium prize bond of Rs. 40,000/- is Rs. 80 million and for Rs.
Is it wise to invest in a prize bond?
Prize bonds are a special type of investment that are effectively government-backed lotteries. Prize bonds, which are issued by National Savings under the State Bank of Pakistan (SBP), have been around for decades and are regarded a very safe investment.
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 Bearer bonds with values of Rs7,500, Rs15,000, Rs25,000, and Rs40,000 must be withdrawn by December 31, 2021, according to the government.