prize bond issued by state bank of pakistan SBP issues fresh directives for encashment of withdrawn prize bonds - Onlineprize bondcheck 200 Bank of Pakistan Understanding the Prize Bond Issued by State Bank of Pakistan: A Comprehensive Guide

Pakistanbonds The prize bond issued by State Bank of Pakistan represents a unique form of savings and investment in PakistanNational Bank of Pakistan. Unlike traditional interest-bearing instruments, these bonds function as a lottery system, offering holders the chance to win substantial cash amounts through regular draws. Managed by the State Bank of Pakistan Banking Services Corporation (SBP-BSC), these instruments have been a popular savings avenue for decadesWe Ease Your Mind So You Can Stay Ahead.

What is a Prize Bond?

A Prize Bond is essentially a bearer type of investment security offered by National Savings Pakistan.Prize Bond 2026 - Check Draw List Results Online It does not offer any premium or profit in the conventional sense. Instead, holders participate in draws conducted periodically, where significant cash prizes are awarded. The value of these bonds varies across denominations, and each bond series corresponds to specific draw dates and prize structuresState Bank of Pakistan · Federal Board of Revenue · Pakistan Banks' Association ...Prize Bonds· Disclaimer. UAN : 111 - 267 - 200. Site Map · Grievance ....

How to Purchase and Encash Prize Bonds

The application for purchase/encashment of National Prize Bond can be made through various authorized channels.National Bank of Pakistan Individuals can buy these bonds from any SBP-BSC office, designated commercial bank branches, or National Savings Centers. Upon purchasing a prize bond, an application form is typically requiredAcceptance of prize money claims of NationalPrize Bondsup to Rs.500,000/- (prize money) ... BPD Help Desk -State Bank of Pakistan·State Bank of Pakistan....

For encashment, similar avenues are available. Prize Bonds can be purchased/encashed from any SBP-BSC office, designated commercial bank branches and National Savings Centers against application form. For encashment of prize money, depending on the amount, different procedures apply. For instance, prize money up to a certain limit can be claimed at National Savings Centers, branches of authorized scheduled banks, or branches of the State Bank of Pakistan.State Bank of Pakistan commenced the sale of Prize Bonds under the ... Larger amounts may require specific procedures through banking channels like RTGS. The State Bank of Pakistan has also issued directives regarding the encashment of withdrawn prize bonds, emphasizing that certain series may no longer be encashable or exchangeable after specific datesPrize Bond List | 2026 Draw | Schedule | Results.

Prize Bond Denominations and Draw Schedule

The prize bond issued by State Bank of Pakistan comes in various denominations, including RsPrize Bond Draw No. 105 Rs. 1500 - February 2026 - KSE. 100, RsPrize Bonds Draw Schedule, 2026​​As per Govt. Policy, Rate of Tax is 15% of prize value for Filers, and 35% of prize value for Non-Filers.. 200, Rs. 750, Rs.National Prize Bonds 1500, Rs. 25,000, and Rs. 40,000. For each denomination, a specific Prize Bonds Draw Schedule, 2026 (and subsequent years) is publishedProhibition of Unauthorised Business of Sale/Purchase of National Prize .... These draws are held regularly, often on a monthly or quarterly basis, depending on the bond type.2018年5月18日—1.Prizemoney upto Rs 1250/- can be claimed National Savings Center, branches of authorized scheduled banks or branches ofState Bank ofPakistan. Winning numbers are announced, and winners can claim their prizes accordingly.

For example, the RsWe Ease Your Mind So You Can Stay Ahead. 1500 Prize Bond Draw No. 105 would have specific winners announced, with the first prize winner receiving a significant sum, such as Rs. 3 million, and multiple second prize winners receiving a substantial amount each, like Rs. 1 million.Premium Prize Bonds (Registered) Scheme The results of these draws are often available for download, with links like Download Draws provided on official websites.

Premium Prize Bonds (Registered)

A notable variation is the Premium Prize Bond (Registered). This scheme was initiated by the Central Directorate of National Savings (CDNS) and is distinct from the bearer prize bonds. The Premium Prize Bond is not a product of State Bank of Pakistan; rather, it is a registered bond, meaning it is in the investor's name. These are available in Rs.ISLAMIC NAYA PAKISTAN CERTIFICATES (INPCs) 25,000 and RsState Bank of Pakistan commenced the sale of Prize Bonds under the .... 40,000 denominations and feature quarterly prize money draws alongside bi-annual profit payments. While registered, the application of Zakat and withholding tax on profit and prize money is a consideration for investors in this scheme.

Taxation on Prize Bonds

It is crucial to understand the tax implications associated with prize bonds. A withholding tax collection/deduction rate card is usually applicable. For filers of tax returns, the rate of tax on the prize value is typically lower (e.g., 15%), while for non-filers, it is higher (e.g., 35%). This is an important factor to consider when evaluating the net return from winning a prizeHow to Claim Prize Bond (State Bank of Pakistan).

Important Considerations and FAQs

* Is a prize bond halal? The permissibility of prize bonds in Islam is a subject of ongoing debate among scholarsState Bank of Pakistan commenced the sale of Prize Bonds under the .... Some view it as akin to gambling or usury, while others argue it is a form of government-backed lottery that is permissible. It is advisable to consult with religious authorities for a definitive opinionBank of Pakistan.Pakistanmaking payment. XIV. Payment bybankingcompany to ...prize bond, winnings from raffle / lottery. II. Gross amount of Prize on..

* How to Claim Prize Bond? The prize bond claim procedure involves submitting the winning bond along with necessary documentation to an authorized officeThe Official Website - The Bank of Punjab.

* Encashment of Withdrawn Bonds: The SBP issues fresh directives for encashment of withdrawn prize bonds, indicating that certain older series may have limited encashment periods.National Prize Bonds It is essential to stay informed about such directives on the State Bank of Pakistan website.

In essence, the prize bond issued by State Bank of Pakistan offers a unique, albeit speculative, avenue for savings and potential financial gain.We Ease Your Mind So You Can Stay Ahead Understanding its mechanics, purchase and encashment procedures, and tax implications is vital for anyone considering this investment instrument. The State Bank of Pakistan plays a central role in the issuance and management of these bonds, ensuring transparency and accessibility for the public.