A prize bond is considered as a lottery bond which is offered by National Savings Pakistan or Ministry of Finance. Prize Bonds are allocated in Pakistan on behalf of the Government of Pakistan.
Here we would like to share an idea with the users that among the best investments in Pakistan, the use of reward bonds is considered one. It is a golden investment type or it is also called as career type investment security which comes without any premium or profit.
In Pakistan, prize bonds are issued with an appropriate series or sequence. However, each series occupies a million numbers (1,000,000). It is seen that no profit or interest is charged on these bonds and each draw is announced quarterly. During the results of the Prize Bonds each quarter, the winners are announced via a lucky draw. Major cities of Pakistan are allotted for the process of lucky draw. In Pakistan, prize bond lucky draws are held about 36 times a year. According to a survey, it has been confirmed that every year around 70,600 Pakistanis are enrolled as winners who win around 1.6 billion Pakistani rupees annually. Following is more information about the award bond scheme in Pakistan.
Prize Bonds Denomination List
Amount | 1st Prize | Prizes | 2nd Prize | Prizes | 3rd Prize | Prizes |
---|---|---|---|---|---|---|
Rs. 100 | 700,00 | 1 | 200,000 | 3 | 1000 | 1199 |
Rs. 200 | 750,000 | 1 | 250,000 | 5 | 1250 | 2394 |
Rs. 750 | 15,00,000 | 1 | 500,000 | 3 | 9300 | 1696 |
Rs. 1500 | 3,000,000 | 1 | 1,000,000 | 3 | 18,500 | 1696 |
Rs. 7500 | 15,000,000 | 1 | 5,000,000 | 3 | 93,000 | 1696 |
Rs. 15000 | 30,000,000 | 1 | 10,000,000 | 3 | 185,000 | 1696 |
Rs. 25,000 | 50,000,000 | 1 | 15,000,000 | 3 | 312,000 | 1696 |
Rs. 40,000 | 75,000,000 | 1 | 25,000,000 | 3 | 500,000 | 1696 |
Rs. 40,000 P | 80,000,000 | 1 | 30,000,000 | 3 | 500,000 | 1696 |
buy a national award bond
Well, one of the most common questions from users is where they can buy rewards bonds in Pakistan. Therefore all users are informed that the scheme of National Award Bond was launched by the Central Directorate of National Savings, CDNS. However, the State Bank of Pakistan empowers Bank Al-Habib to increase the accessibility of the planned scheme to the general public. Users are also informed that National Award Bonds of all dimensions are available at all Regional Offices of SBP BSC (Bank). In addition, these can also be purchased from National Savings Centers and all designated branches of commercial banks. Also, for the convenience of the users, there are several authorized dealers available in almost all the major cities of Pakistan who deal in almost all types of prize bonds. You are advised to buy reward bonds from authorized banks. However, if you are looking to buy prize bonds from your nearest dealers, make sure you are buying the right items in the right quantities.
Prize Bond Result Schedules
Today, prize bonds are available in about 09 dimensions or quantities and these include Rs. 100, Rs. 200, Rs. 750, Rs. 1,500, Rs. 7,500, Rs. 15,000, Rs. 25,000 Rs. 40,000, and Rs. 40,000 premium bonds. Every month 2 to 4 lucky draws are conducted. For every one prize bond, 4 lucky draws are scheduled annually and around 36 lucky draws are held throughout the year. Lucky draws are conducted in various major cities of Pakistan. For each one prize bond, approximately 3 prizes or prizes are announced. The first prize is given to one candidate, the second prize is given to three candidates, and the third prize is distributed to multiple candidates and the number of candidates varies according to the different dimensions of the National Award Bond. Users are informed that here on this platform, Ilmakidunya, they will be provided the Prize Bond List 2022 and they can also check the Prize Bond Result of every single lucky draw. Users can also find all prizes or prizes of each lucky draw.
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