Prize Bond - The information you want to get


 Prize Bond - The information you want to get

Who doesn't want to make more money in less time these days? Hardly anyone! In the modern age, every human being finds a short way to earn money to keep pace with the times - every effort is made in the race to get ahead of each other - there are countless ways to become rich overnight but the prize Bonds are considered a legal way to get rich quick. The purpose of this article is to provide readers with important information about prize bonds.


PrizeBond - An Introduction:

The Prize Bond is a security certificate issued by the Government of Pakistan in the value of Rs. 100, Rs. 200, Rs. 750, Rs. 15,000, Rs. 25,000 and Rs. 40,000. These bonds are published in series. Everyone can buy a prize bond according to their pocket. Those who have more savings buy a bond worth more and those who have less have a bond worth less.


The draw for each prize bond is held at intervals of three months but has no specific rate. The raffle is held in a specific order and the number of prizes for each series is specific. As if a series of 50 is running on a Rs. 200 prize bond, there will be 50 winners for the first prize and 250 winners for the second prize on each lottery.

 

Which prize bond is not acceptable?

According to the notification of the federal government, the prize bonds worth Rs. 1500 which are from serial numbers AW-070001 to AW-090000. Bonds have been canceled since May 19, 2014. (Reference: F.16 (3) GS-I / 2004/678 Dated 19th May, 2014.)


How to get prize bond prize money:

In case of winning a prize money up to Rs. 1250, any branch of National Savings Center, SBP or branches of approved commercial banks can be contacted. The prize money above Rs. 1250 is only available at State Bank of Pakistan. Can be obtained only from the branches of-


In order to receive the prize money on the prize bond, it is necessary to fill up the application form N (PB-1).

 

How long can the prize money be received?

Prize money on any winning prize bond can be earned for a period of 6 years from the date of results. No claim to win prize money after 6 years will be accepted.


Holding tax applicable to the prize money:

All prizes won on or after July 1, 2013 will be subject to 15% holding tax.

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