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PREMIUM PRIZE BONDS WORTH RS 40,000 Prize bond

Prize Bonds & National Saving Scheme 

Founded on December, 1971, the National Savings Center is today recognized as one of the prominent institutions of the country with National Saving Schemes and Pakistani Prize Bonds as its mainstream and recognized products.

Premium Prize Bonds of Rs. 40,000 Denomination

Features:  

  • 1.5% Profit rate bi-annually.
  • Rs 40,000/- as Denomination.
  • Name Registration for an investor.
  • Prize Draw occurs on quarterly basis.
  • Bi-annual Profit Payment.
  • Individuals, Public and Private Sector Institutions are legitimate for it.*
  • Prize Money and Profit will be credited directly into Investors Bank Account.
  • There is no requirement of any application form for claiming prize money.
  • Rs 80,000,000/- as the highest prize.
  • Investment and Tenure is not limited.
  • Exemption from Zakat.
  • WHT applicable.
  • Transferable and can be pledged for.
  • Easy purchase e.g. through Cash, Cheque, Pay-Order and Bank Draft
  • Can be acquired from Banking Services Corporations-State Bank of Pakistan’s Offices.

Document Requirements for Premium Prize bond

Following documents are perquisites for to apply for Premium Prize Bond.

  • CNIC Copy.
  • Account Maintenance Certificate (Bank & Branch Name, Account Title, IBAN Number, Status of Account).
  • Tax Certificate for Filer’s case.
  • Nominee’s CNIC.

About Premium prize bond

The Government Pakistan has introduced first ever Premium Prize Bond of Rs 40,000 Denomination with prize of Rs 80 Crores. The profit will be given biannually e.g. after every six months. The Premium Prize Bond is meant for individuals, public and private institutions however banks cannot purchase these bonds. During Premium Prize Bond inauguration ceremony Finance Minister stated that it can create a positive impact for national economy and will give investors a chance to improvise their financial position.
In case of purchase the buyer of Premium Prize Bond will be get a printed receipt. He told that Prize Bonds have already leveraged economies of developed countries and this step is of paramount significance. The Premium Prize Bond can be acquired through State Bank branch offices in Islamabad, Lahore, Karachi, Peshawar and Quetta.