Finance UpdatesFinance Updates
  • Home
  • Business
  • Technology
  • Education
What's Hot

Redmi Note 12 Price in Pakistan September 2023 & Specifications

September 22, 2023

Suzuki GSX 125 price in Pakistan September 2023 & Specifications

September 22, 2023

Toyota Corolla Altis 1.6 Price in Pakistan September 2023 & Specifications

September 22, 2023
Facebook Twitter Instagram
Facebook Twitter Instagram
Finance UpdatesFinance Updates
Sunday, September 24
  • Home
  • Business
  • Technology
  • Education
Finance UpdatesFinance Updates
Home » How to claim prize bond money in Pakistan
Prize bonds

How to claim prize bond money in Pakistan

Web DeskBy Web DeskJanuary 25, 2021Updated:January 4, 2023No Comments3 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
How to claim prize bond from state bank of Pakistan
Share
Facebook Twitter LinkedIn Pinterest Email

Prize bonds – A Lottery bonds are a type of government bond in which some randomly selected bonds within the issue are redeemed at a higher value than the face value of the bond. According to the Prize Bond Schedule, the Prize Bonds held multiple cities of Pakistan

If you’re  lucky winners of the prize money and want to claim it then you have to follow the guidelines mention below.

How to claim prize bond money in Pakistan

You can claim prize bond money from state bank of Pakistan, follow the process:

Required documents for the prize money claim

Go to any near SBP-BSC field office.

  • Get the claim form from the help desk. The claim form is free of cost.
  • Fill the claim form carefully and provide all the required information.

claim form

  • Give the duly signed claim form along with photocopy of valid CNIC, winning prize bond (original) duly signed by the applicant, and a photocopy of the prize-winning bond signed by the applicant to the person at the counter.

summed up:

  • Photocopy of valid CNIC
  • Winning prize bond (original) duly signed by the applicant
  • Photocopy of the prize-winning bond signed by the applicant

Also check: Prize bond Schedule 2023

The number of days required for the claim settlement of prize money is appended below.

  • Up to Rs.18,500/- same day
  • Up to Rs.500,000/- 20 working days
  • Above Rs.500,000/- 30 working days

Moreover, If the prize money is more than Rs. 18,500 then the applicant will receive a receipt from the bank which specifies a date for collecting the payment order. On the due date, you have to go the SBP field office again and provide the claim receipt at the counter. After that, the payment will be deposited into your commercial bank account.

Maximum time period to avail the prize is six years from the date of draw.

Note: The prize money up to Rs. 1,250/- can be claimed from any National Savings Centre, branches of authorized scheduled banks or branches of the State Bank of Pakistan. Prize money exceeding Rs. 1,250/- can be claimed only from the branches of the State Bank of Pakistan.

Watch Video of Pakistan wealth academy

Prize bond faqs: 

Are there any charges of prize money claim form?
Answer: No.

Up to what period prize money can be claimed?
Answer: Prize money can be claimed within six years from the date of the relevant draw.

Whether one can attend draw ceremony?
Answer: Yes, the general public may also attend the prize bond draw ceremony on the production of original
CNIC.

Also check: How to Buy Prize Bond in Pakistan

Can prize bond be encashed any time after their purchase?
Answer: Yes.

From where I can get the draw schedule?

You can check Prize bond draw schedule here on Financeupdates.net

What is the schedule of draw?
Answer: The Schedule of draw contains Draw No, Place & date of draw

Is there any limit on purchase of Prize Bonds?
Answer: No.

Further, complete details on the Official website. Click here.

how to claim prize bond How to claim prize bond money in karachi How to claim prize bond money in Pakistan
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleToday Gold Rate In UAE For, 24 January 2021 (Dubai)
Next Article Today Gold Rate in Karachi Sarafa Bazar (25, January 2021)
Web Desk
  • Website

Related Posts

Winner list Rs 200 Prize bond Draw Result 2023 Online?

September 16, 2023

Rs 200 Prize Bond List 2023 Online Check – Hyderabad (15 September 2023)

September 15, 2023

Rs 200 Prize Bond Result List 2023 – Draw # 95, Hyderabad

September 15, 2023
Add A Comment

Comments are closed.

Latest News
  • Redmi Note 12 Price in Pakistan September 2023 & Specifications
  • Suzuki GSX 125 price in Pakistan September 2023 & Specifications
  • Toyota Corolla Altis 1.6 Price in Pakistan September 2023 & Specifications
  • FBR Deadline: Tax Collection Target Set for September 28, 2023
  • Pakistani Rupee Maintains 14-Day Winning Streak Against US Dollar
Advertisment
SECTIONS
  • Mobile
  • Trending
Latest Post
  • Redmi Note 12 Price in Pakistan September 2023 & Specifications
  • Suzuki GSX 125 price in Pakistan September 2023 & Specifications
  • Toyota Corolla Altis 1.6 Price in Pakistan September 2023 & Specifications
Trending
  • Petrol Price in Pakistan
  • Prize bond Schedule
  • Gold Rate in Pakistan
  • USD TO PKR

Finance Updates. Pakistan's Leading resource of Business & Technology News, we cover news in sci-tech, business, sports, auto, education, and trending.

Our Email: contact@financeupdates.net

Facebook Twitter
© 2023 Financeupdates.
  • Home
  • Contact Us
  • Privacy & Policy
  • Advertisement

Type above and press Enter to search. Press Esc to cancel.