Frequently Asked Questions (FAQs) on Prize Bonds
Note: These FAQs page is not related to Pakbond (Software/App). If you have any question about Pakbond, Please click here.
Questions relating to claims of prize money of winning prize bonds
Questions relating to the Draws of prize bonds
Questions relating to Tax Matters of prize bonds
Questions relating to Transactions of prize bonds
Questions relating to Basics of prize bonds (Misc)
Questions relating to claims of prize money of winning prize bonds
The claim of prize money declared on winning prize bond can be lodged at any field
office on the prescribed claim form, which is available at the help desk free of charge. The
form duly filled may be submitted along with the following:
i) Photocopy of valid CNIC
ii) Winning prize bond (original) duly signed by the applicant
iii) Photo copy of the prize winning bond duly signed by the applicant
To fill in the form in all respect correctly i.e. Bond numbers, name, date of draw,
date of issue etc.
Bonds are first checked at field offices by the counter staff who imparted training
from PSPC and in case of doubt, the same sent to PSPC.
However prize winning bonds one million and above are essential to be sent to PSPC due to
huge prize money involved.
Face value against Defective prize bonds is paid after passing thereof by authorized
officer whereas the Payment of prize money is paid as usual.
Yes claim himself/herself.
Only those prize bonds qualify for prize money, which have been purchased two
months prior to their respective draw.
Prize bonds winning prize money below Rs. 10,000/- are returned, in case of prize
money Rs. 10,000/- and above are retained and their face value is paid to the claimant.
Yes after fulfillment of prescribed conditions.
Prize money can be claimed/availed by person he/she himself/herself on fulfilling
of prescribed claim Form available at Help Desk.
To safe the interest of the Bank as well as claimant, proper identification of
claimant is essential.
The claim form is submitted at the respective counter of any offices of SBP BSC
(Bank). Prize money up to Rs. 18,500/- is paid on counter (subject to clearance of bond) the
same day (from 30th Draw and onward) after deduction of 10% withholding tax. Prize money
over Rs. 18,500/- is given through payment order only by the date given to claimants for
collecting the prize money. Prize money upto Rs.1250/- can also be claimed at commercial
banks and National Savings Centers.
| Amount | No. of days |
| Upto Rs.18,500/- | same day(30th draw & onward) |
| Upto Rs.185,000/- | 10 working days |
| Upto Rs.500,000/- | 15 working days |
| Above Rs.500,000/- | 20 working days |
No.
The claim can be lodged usually after 3 or 4 working days from the date of draw
and within six years from the date of relevant draw.
It depends on discretion of competent authority of the field offices.
Yes. (Subject to clearance under rules)
All prize money claims are paid at SBP BSC Counters.
Confirmation of genuineness of the bond from PSPC and concerned PDO.
Prize money can be claimed within six years from date of the relevant draw.
The prize money claim can be lodged usually after 3 or 4 working days from the
date of draw and within six years from the date of relevant draw. Prize money up to
Rs.18,500/- paid directly on same day(from 30th Draw onward) at all BSC Offices.
Claim against prize bond winning in two different draws can be lodged at the
same time against two separate claim application by the holder within the period of
Six)06) years from the date of its relevant draws.
Questions relating to the Draws of prize bonds
Prize bond draw is held by a committee constituted by CDNS and open to general
public. Winning prize bonds are drawn through Hand operated draw machine, which is
operated by special children in front of Committee members and general public attending the
draw ceremony. Draw machine is also checked by general public before the start of draw.
Big investors invest in huge amounts and buy more prize bonds; therefore their
probability of winning prize money is greater than the individual who buys a single prize
bond. However, draw is held separately for each prize and small investor can win big prize.
Prize bond is a bearer instrument. Its ownership belongs to the holder of the
instrument just like currency notes.
Yes, general public may also attend the prize bond draw ceremony on production of
original CNIC.
No.
Only those prize bonds qualify for prize money, which have been purchased two
months prior to their respective draw.
Due to preliminary preparation of books for official purposes.
One less in one million (999,999).
Questions relating to Tax Matters of prize bonds
WHT @ 10% is deducted from prize money of Prize Bonds under Section 156(1)
of ITO 2001(Division III of part V). Further, a surcharge @15% on withholding tax on
National Savings Schemes (NSS) profit (including prize money payment on National prize
Bonds) w.e.f. 15.03.2011 to 30.06.2011 has been imposed in terms of FBR letter
No.1(36)WHT/2006 dated 28.03.2011 received vide CDNS letter No.F.13(1)(Rules)Sch-
3/2004 dated 28.03.2011.
No.
It is a requirement of claimant to submit the same to Tax Authorities to prove the
portion of income as legal.
As the tax is deducted on the prize money only and not on the principal amount,
therefore it is not discouraging to the small investors.
Questions relating to Transactions of prize bonds
Prize bonds can be purchased and encashed in any quantity at all field offices of
SBP BSC (Bank), office of National Saving Centres, and designated branches of commercial
banks.
Due to Government (Ministry of Finance – CDNS) policy and revision of rate of
interest. Rate of prizes are fluctuated accordingly.
Number of prizes also increased. Numbers of Prize Bonds are increased to make the
rate of return compatible with mark up prevailing in the money market.
No.
To present original prize bond at the counters of SBP BSC Offices/Commercial
Banks/National Savings Centers and get face value thereof.
Yes they are the authorized dealers.
Yes.
Official draw list is available on the next day of the draw which can also be
downloaded from SBP BSC & CDNS Website.
Claim on the prescribed form for the recovery of value shall be dealt with under
the Prize Bonds Refunds Rules, 1963. Mutilated/defaced bonds (if presented more than
half portion of such bond along with claim form) are passed by an authorized officer on
6 the same day for payment, if otherwise in order while claim bonds are paid (if approved)
within three working days.
Draw schedule is displayed at the field offices, official website of Central
Directorate of National Savings and at SBP website.
Shut period means a period of two months preceding the date of draw of a
particular denomination.
Fresh bonds are issued when the stock of re-issuable bonds is fully
utilized/exhausted.
Yes. National Saving Centers and commercial banks.
As an agent to CDNS, SBP BSC is responsible for management of the scheme in all
respect.
No.
No.
Bonds can be exchanged at designated branches of Commercial Banks only.
No.
No. Prize bond are bearer instruments.
Yes, if the bond is more than half and otherwise in order.
Due to minimum holding period for all den. National Prize Bonds as per Prize
Bonds Rules, 1999.
No. Prize bonds are bearer instruments and whoever is holding the prize bond is the
owner of it and can claim prize money.
On immediate basis, depending upon the number of peoples in the queue for
sale/purchase of the bond.
The face value of prize bond, lawfully issued by the authorized dealers, is repayable
at any time till a particular denomination of prize bond is not demonetized or
cancelled by the Federal Govt./State Bank of Pakistan. In such case the holders of the
bonds are given sufficient time to exchange the cancelled bonds.
Questions relating to Basics of prize bonds (Misc)
Four draws of each denomination (Rs.200/-, Rs.750/-, Rs.1,500/-, Rs.7,500/-,
Rs.15,000/- & Rs.40,000/-) i.e. 24 draws held at our field offices as per draw Schedule issued
by CDNS.
Pakistan Security Printing Corporation (PSPC), Karachi, prints Prize bonds of all
denominations with the approval of Govt. of Pakistan.
The Committee constituted by CDNS consisted upon officials of SBP BSC,
Local/Regional Directorate of National Savings and members from local Chamber of
Commerce & Industry hold the Draws.
To encourage public investment. It is a source of domestic borrowing for
Government.
Prize bonds are not eligible for payment if the same are less than half, forged or
deliberately cut, mutilated or tampered.
Separate draw for each series of a denomination was held before November, 2000.
Now the draw is held under the Single Common Draw System.
This is an illegal parallel market of prize bonds handling runs outside the bank’s
premises which does not fall under SBP BSC Purview.
Best known to the Sharia Scholars/ concerns.
No.
Prize bond is a bearer instrument.
SBP BSC Offices are not affecting the sale of prize bonds during shut period;
however, some persons purchase it before shut period and sale on premium in open market
during shut period which is illegal.
No.
These bonds are printed in the offset process on SPL made paper & would carry the
following security features:
In paper:
- enlarge watermark
- micro-printed security thread
- invisible colored fiber.
In printing:
- micro-printed tint in rainbow colour
- guilloche patter
- visible fluorescent rosette
- invisible denomination print
- numbering in red fluorescent ink.
Pakistan Security Printing Corporation (PSPC) is a government organization that
prints currency notes/prize bonds and other government securities.
Chemically and by some sophisticated means as the tempering in bonds has become
more scientific, therefore, Prize bonds are sent to PSPC for verification. If they are declared
forfeited then action is taken against the claimant as per Bank’s rules.
Central Directorate of National Savings, Ministry of Finance, Government of
Pakistan is controlling/managing all government savings for the benefit of General Public.
Public Debt Office (PDO), deals with securities issued by Government of Pakistan
from time to time to raise debts enacted by Public Debt Act, 1944. Whereas it is expedient to
consolidate and amend the law relating to Government Securities issued by the Government.
There is no difference between Karachi and Lahore circles. However, Lahore PDO
also allow payment of prize money against bonds of Karachi PDO after confirmation.
Only re-issuable bonds are entitled to be sold/encashed at any
Center of any circle.
Being a Government (Ministry of Finance) policy to introduce higher denomination
Prize bonds having huge amount of big prizes.
The scheme is fully owned by Govt. of Pakistan and has bright future prospects.
The Schedule of draw contains Draw No, Place & date of draw.
Presently six denominations of National Prize Bonds are in Circulation. The
number of prizes & prize money there against as per Finance Division Notification
No.F.20(4)GS-I/2008-2388 dated 29.11.2008 for the prize bonds Draws held on or after
15.02.2009 are given below:
Number and Amount of Prizes on National Prize Bonds
(effective w.e.f. 15.02.2009)
| Denomination | First Prize | 2nd Prize | 3rd Prize | |||
|---|---|---|---|---|---|---|
| No. | Amount | No. | Amount | No. | Amount | |
| Rs. 200 | 1 | 750,000 | 5 | 250,000 | 2394 | 1,250 |
| Rs. 750 | 1 | 1,500,000 | 3 | 500,000 | 1696 | 9,300 |
| Rs. 1500 | 1 | 3,000,000 | 3 | 1,000,000 | 1696 | 18,500 |
| Rs. 7500 | 1 | 15,000,000 | 3 | 5,000,000 | 1696 | 93,000 |
| Rs. 15000 | 1 | 30,000,000 | 3 | 10,000,000 | 1696 | 185,000 |
| Rs. 40000 | 1 | 75,000,000 | 3 | 25,000,000 | 1696 | 500,000 |
Yes but these bonds will be sold in the open period after exhaust of re-issuable
bonds.
Fresh Prize Bonds are issued in series.
Yes.
Guaranteed by Government vide Public Debt Act, 1944.
No duplicate application form is required.
All authorized commercial banks are allowed to make sale/ encashment of all
denomination prize bonds. However, the banks are allowed to pay the prize money up to Rs.
1,250/- only and the prizes exceeding Rs. 1,250/- are dealt with at all field offices of SBP BSC
(Bank).
I am registered in your record. My name Ghulam mustafa email gm******3@gmail. But trouble in log in. Plz help me
Please contact us at support@pakbond.com
Dear Admin did a great work I appreciate your efforts. can you provide me a prize bond schedule list 2018
Thank you hamza,
Schedule of 2018 isn’t available yet. We will update the schedule as soon as it will announced by National Savings. You will be able to check the schedule in Pakbond.
maximum which time we cash prize bond?
6 years from draw announced date.
if prize bond issue in 2018 and prize bond number match with draw of 2014 then prize claim or not?
No. Issue date must be 60 or more days smaller than draw date.
i have a prize bond of 40000 amount and that bond have win the prize of 500000-on 01-03-2018 can i claim for prize now 04-03-2019.
Dear Mohammad Idrees Bhutta,
Yes you can claim that prize if it has a valid issue date. For confirmation please send us the picture of your prize bond (Front and Back).
Regards,
Pakbond Support Team
support@pakbond.com
0317-2009679
can you help me step by step , how to add prize bonds at different time of period.
as i tried to add some numbers of prize bond in the same denomination it does not add? or how i find the tutorial of using pakbond software?
thanks
hamza ali
Hi Hamza,
Thank you for using Pakbond. I’ll recommend you to watch this video tutorial about adding prize bond numbers in Pakbond android app. https://www.youtube.com/watch?v=1E1qmp1JoO0.
If you still have questions, please call us at 0317-2009679. You are more welcome.
Regards,
Pakbond Support Team
support@pakbond.com
Dear i purchase prize bond on 3 June 2019 from state bank and draw date is 15 July 2019 . will it be included in draw??
No It won’t be include.
Bond number match in 2014 draw and they have no any issue date and stemp on it…i can draw this bond now 2019
There is no way for us to know bond issue date by its number. You have to visit state of Pakistan branch to know the issue date of your prize bond.
Salam,
Kya State Bank se RS 750 wale prize bond ki prize money claim karne k baad bond bhi wapis milega ya nahi..?
Aur tax kitna deduct hoga?
Please reply!
Thanks
W/Salam,
Logo se suna hai k 7500 ya us se bari amount k bond wapis nahi ker rahy. Lekin aksar logo ne ye bhi bataya hai k ab koi bhi bond wapis nahi ker rahy bal k us k pese de dete hain.
Tax non filer: 30% (as of today)
Tax filer: 15% (as of today)
My scanner dose not working right now…. Help please…
Dear Haris,
Kindly contact us at 0317-2009679 and we will asset you.
Regards,
Pakbond Support Team
40,000 Rs Waley Bond ki Kuranadazi khatam krdi gayee ha?? Now what to do with them??
Wapis kerwaye foran. Warna nuqsan ho jayega.
Salam jo prize bond nikal chukay hoty hn kya un k pechu mention hota ha…..
2nd …. Humy kesay pata chaly ga k jo bond nikla ta us k pesay lyh ja chukay hn agr nhi lyh to dosra kharedny waly ko wo price mil jata ha
Bond k peechy stamp lagi hoti hai or us stamp me draw ka number or date likh ker dete hain. Us se aram se pata chal jata hai k ye bond kis kis draw main claim ho chuka hai.
i want a little info regarding refunding of prize bonds….if my bond is stolen from me and it is refunded at nationl bank can i somehow know the name of the person who refunded it …. i mean to ask do they aunthenticate the owner before refunding
If your bonds are stolen there is no way you can find them again because steler can encashed them from private dealers. Once your bonds are gone there is no way to track them back. Although, you can contact to our support team because we have millions of prize bonds saved in our database. We can search your stolen prize bonds there if the stealer is also using Pakbond app.