Sunday , February 5 2023

SBP Last Date of exchange and redemption of prize bonds

State Bank has extended the date of exchange of canceled prize bonds, citizens with canceled prize bonds can exchange their bonds till June 30, 2023. 7 thousand 500 rupees bond, 25 thousand and 40 thousand rupees bonds have been extended.

SBP Last Date of exchange and redemption of prize bonds

State Bank of Pakistan has extended the date of exchange and redemption of prize bonds

The holders of prize bonds have the last chance to return or change, investors can convert the prize bonds into cash or registered bonds, the bank says that the prize bonds can be converted into special or defense savings certificates.

The Federal Government has given another opportunity to the public to get the withdrawn prize bonds of Rs.7500, 15,000, 25,000 and Rs. 40,000 redeemed/encashed by June 30, 2023. Earlier, the government had fixed deadline of June 30, 2022, for redemption/encashment of these prize bonds, however, considering that some of the prize bond holders could not get their bonds redeemed a final opportunity has been given for encashment of prize bonds till 30th June 2023. The investors of aforesaid prize bonds have following options of encashment or exchange.
a. Encashment at Face Value
b. Conversion to Premium Prize Bonds of Rs. 25,000 and/or Rs. 40,000 (Registered)
c. Replacement with Special Savings Certificates (SSC) or Defense Savings Certificates (DSC)
The prize bonds can be redeemed from SBP Banking Services Corporation office and branches of commercial banks across the country till 30th June 2023. The SBP has issued necessary instructions to commercial banks to accept requests from general public for encashment or exchange of the prize bonds till the extended date.
The members of general public holding these are encouraged to avail this final opportunity and get their prize bonds redeemed before 30th June 2023. These prize bonds shall not be en-cashable or exchangeable after the expiry of the extended deadline, thereby rendering them worthless.

Prize bond draw of rs 15000 in Pakistan

According to the notification, the money will be transferred to the bank accounts of the customers on return of the bonds and the customers will be able to return the bonds only through 16 field offices of the State Bank of Pakistan, authorized commercial banks, and National Savings Centers across the country.

Rs. 15000 prize bond Draw Number 86 will be held in Multan City on 04 January 2021 in Hyderabad city. National savings of Pakistan 15000 Prizebond list 01/04/2021 check online by prize bond list 2022.