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).
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Why application form is received in duplicate?
No duplicate application form is required.
What is the legal backing of Prize Bonds?
Guaranteed by Government vide Public Debt Act, 1944.
Could Prize Bonds be used as collateral against loans?
Yes.
Why prize bonds are not issued in a series?
Fresh Prize Bonds are issued in series.
Whether fresh bonds of all denominations are available for sale irrespective of Shut period?
Yes but these bonds will be sold in the open period after exhaust of re-issuable
bonds.
What are the various denominations and their respective prize money?
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 |
What is the schedule of draw?
The Schedule of draw contains Draw No, Place & date of draw.
What are the future prospects of Prize Bonds?
The scheme is fully owned by Govt. of Pakistan and has bright future prospects.
Why the prize bonds of old denominations were substituted with new ones?
Being a Government (Ministry of Finance) policy to introduce higher denomination
Prize bonds having huge amount of big prizes.
