
An undated image of different prize bonds. — Facebook
Prize bonds in Pakistan are recognised as a popular investment and saving tool introduced by the government. They offer a unique combination of investment and lottery, giving bondholders the chance to win significant cash prizes through regular draws.
Prize bonds are available in six denominations in Pakistan. The draws are held quarterly and are widely anticipated events, creating excitement among investors. Moreover, prize bonds are a secure investment, as they are backed by the government.
Prize bonds can be purchased from a State Bank of Pakistan- Banking Services Corporation (SBP-BSC) office, designated commercial bank branches allotted, and National Saving Centres against the application form with a copy of CNIC.
Read more: Where can you encash prize bonds in Pakistan?
If you own a prize bond and are concerned about the time period to claim a prize bond in Pakistan then Gadinsider has got you covered.
Time period to claim prize bond award money
Once you have checked the list issued by the government and are sure that your bond number matches then you need to fill in the claim form and submit it with a copy of your CNIC to the State Bank of Pakistan.
It is important to note that the maximum time period to claim prize bond money is six years from the date of the relevant draw.