One less in one million (999,999).
Due to preliminary preparation of books for official purposes.
Only those prize bonds qualify for prize money, which have been purchased two
months prior to their respective draw.
Yes, general public may also attend the prize bond draw ceremony on production of
Prize bond is a bearer instrument. Its ownership belongs to the holder of the
instrument just like currency notes.
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 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.