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All About Prize bond Scheme in Pakistan

People love to invest and Prize Bonds Schemes are good source of investments in this spectrum. The Prize Bonds are available in denominations of Rs.200 Prize Bond, Rs.750 Prize Bond, Rs.1,500 Prize Bond, Rs.7,500 Prize Bond, and for Rs.15,000,Rs.25000 and Rs.40,000 denominations. These bonds are issued with respect to serials. Each series comprises a single less than 1,000,000 prize bonds. Draws occur 4 times per annum e.g. after a quarter. The draws are held under a common methodology with the number of prizes are similar for each series i.e. if 50 series of Rs.200 Prize Bond are circulated then against each draw we have 50 winners for 1st prize and 150 winners of 2nd Prize and so on. Prize Bond is somehow a legitimate source of medium to invest as compared to other investments. It is a Government of Pakistan’s endorsed scheme via National Saving Schemes who has other products like Defense Saving Schemes (DSS), Regular Income Certificates (RIC), Behbood Saving Certificates (BSC), Savings Accounts (SA) and Special Saving Certificates (SSC).

The newly updated details against each prize bond denominations and prizes are tabulated below: 

Dimenion

(Rs

First Prize

2nd Prize

3rd Prize

No Amount (Rs)

No

Amount (Rs)

No

 Amount (rs)
Rs.100/- 1 700,000 3 200,000 1199 1,000
Rs.200/- 1 750,000 5 250,000 2394 1,250
Rs.750/- 1 1,500,000 3 500,000 1696 9,300
Rs.7,500/- 1 15,000,000 3 5,000,000 1696 93,000
Rs.1,500/- 1 3,000,000 3 1,000,000 1696 18,500
Rs.15,000/- 1 30,000,000 3 10,000,000 1696 185,000
Rs.25,000/- 1 50,000,000 3 15,000,000 1696 312,000
Rs.40,000/- 1 75,000,000 3 25,000,000 1696 500,000