How to Claim Prize Bond

Here you can find all the information about calming prize of wining prize bond and prize bond prize claim forms.

How to Claim Prize Bond

Requirements

  • You should have won a prize bond in the last six years. Winning bond older than 6 years cannot be claimed.
  • The prize bond should not already be claimed on that draw date. One prize bond can win on multiple draw dates and can be claimed multiple times. In this case you will have to fill the claim form multiple times.
  • Stamped issue date on your prize bond should be at least two months less than the draw date.
  • Only those prize bonds qualify for prize money, which have been purchased two months prior to their respective draw.

How to Claim Prize Bond/Process

  • Prize money upto Rs 1250/- can be claimed National Savings Center, branches of authorized scheduled banks or branches of State Bank of Pakistan. Prize money exceeding Rs.1250/- can be claimed only from the branches of State Bank of Pakistan.
  • To claim a prize bond you need to fill one of the four forms, will be described later.
  • You will also need photocopy of your CNIC (Computerised Identity Card شناختی کارڈ), copy of the prize bond. The bond copy and original should be signed on back side. The photo copy length and width should be exactly sam as that of original, otherwise the staff might not accept.
  • You will have to wait for your turn sad submit the documents. Original Prize Bond, CNIC copy, Prize Bond Copy, Filled Form. After proper verification by the staff you will be handed over the original prize bond/its amount and your winning amount. When winning amount is larger than Rs 18,500/- the settlement of winning amount will take additional days. Below are the details:
Amount No. of days
Upto Rs.18,500/ – Same Day
Upto Rs.185,000/ – 10 Working Days
Upto Rs. 500,000/ – 15 Working Days
Above Rs. 500,000/ – 20 Working Days
  • 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 i s paid to the claimant.
  • Prize bond winning amount is subject to 15% withholding tax.

Forms for Claiming Winning Prize Bonds

There are four types of forms

  1. PB-1 Form for payment of prizes not exceeding Rs.1,000/- from Centres. You might only need this form for claiming 3rd Prize of Rs 100 prize bond.
  2. PB-23A Form for payment of prizes exceeding Rs.10,000/- from SBP.
  3. PB-23B Form for payment of prizes not exceeding Rs.10,000/- from SBP (same PDO). PDO stands for Public Debt Offices. 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
  4. PB-23C Form for payment of prizes not exceeding Rs.10,000/- from SBP (other PDO).

 

for complete list of forms click here.

Still required more information? Check our FAQs page or contact us.

[Sources: National Savings Official Website: savings.gov.pk and State Bank of Pakistan sbp.org.pk]

4 thoughts on “How to Claim Prize Bond

  1. i have a premium prize bond of 40000 which won PKR 500000 two years back.

    can i know if that amount is already claimed or should i claim it

    • Hi. To check if a prize bond is already claimed or not simply check if it has any stamp behind it’s back or not? Also check for hole punch at the left side of prize bond.

      Please note that “premium” prize bonds are not halal in Islam that’s why Pakbond always recommend their user not to buy “premium” prize bonds.

      Regards,
      Pakbond Support Team
      support@pakbond.com
      0317-2009679

  2. wakeel muhammad

    Asalam alekum.
    Dear SBP officials, i want to draw your attention that people have 20 and 30 years old price bond but they never come in a draw. it hurts very much, if a person keeps it for 3 months and after 3 month he is not awarded fruit of it. his heart broke like a glass, he thinks that that Sbp draw is not clean and awarding its own people. you can check latest draw no 82 peshawar of Rs.7500. how it is clean.
    077872. 077901. 078091. 078111 (4 prices in just 239 numbers).
    133053. 133168. 133196 (3 prices in just 143 numbers).
    145462. 145504. 145544( 3 prices in just 82 numbers).
    168651. 168666. 168711( 3 prices in just 60 numbers).
    199529. 199601, 199660(3 prices in just 131 numbers).
    202702. 202766. 202797. 292802 (4 prices in just 100 numbers).
    219940. 220010. 220051. 220180 (4 prices in just 240 numbers).
    299018. 299095. 300299. 300320 (4 prices in just 403 numbers).
    308611. 308790. 30898. 308905 (3 prices in just 294 numbers).
    320489. 320550. 320666 (3 prices in just 177 numbers).
    341368. 341482. 341499. (3 prices in 131 numbers).
    Sir you will say it’s luck but i say it’s corruption or selection. if a person buy 1000 serial copy investing 7 lac 50 hazar rupees. he can easily get 93000 * 3 = 279000 by your help if he is your relative, family member because his bond is every time circled in every new draw. let it clean draw by one time price money and permanently stamped as no more in new draws. so that every Pakistani get a chance to eat that fruit. your draw in people mind is question mark that why after 3 months they didn’t get a luck. because your own relatives you love and baqi log jaaye baarh mai. aap ko kiya. but ALLAH is watching you. if you didn’t make it clean. you may be punish on day of judgement where hell is for those peoples who stole people rights.
    stay blessed be happy. i have an plan too. make the no.1 price 50 lac. second 30 lac and third price 93000 but divided on 5000 peoples not as it now 1696.
    jeetay rahiye khush rahiye.
    sorry if it is white words which hurted your heart. but poors are also humans and salute pakistani flag. keep the flag up

    in peoples hearts.

Leave a Reply

Your email address will not be published. Required fields are marked *