Business Desk 
Jul 18, 2024
Prize bonds in Pakistan are a popular investment and savings tool introduced by the government. They offer a unique combination of investment and lottery, allowing bondholders the chance to win substantial cash prizes through regular draws. Prize bonds are available in six denominations in Pakistan.
The draws are held quarterly and are widely anticipated events, generating excitement among investors. Prize bonds are also a secure investment, as they are backed by the government.
If you are wonder where can you purchase prize bonds or if you are one of the lucky winner you might as well think where to encash prize bonds from.
Also read : Prize Bond Schedule 2024 – Prize Bond Draw List, Date & Venue
Prize bonds can be purchased/encashed from an State Bank of Pakistan- Banking Services Corporation (SBP-BSC) office, designated commercial bank branches, and National Saving Centres against application form with a copy of CNIC.
| Prize money | Claimable at | Claimable at | Claimable at |
| Up to Rs1,250/- | SBP-BSC Office | Commercial bank* | National Saving Centre |
| Up to Rs500,000/- | SBP-BSC Office | Commercial bank* | — |
| Above Rs500,000/- | SBP-BSC Office | — | — |
How to claim prize bond money?
Once you have checked the list and are sure that your bond number is matching then you need to fill in the claim form and submit it along with a copy of your CNIC to the State Bank of Pakistan.
It is important to note that the claim for the prize money be filled usually after three or four working days from the date of draw and the maximum period to avail the prize is six years from the date of draw.
