Prize Bonds Pakistan |
Pakistan Prize Bonds are not a simple piece of paper. These are considered as a security of bearer type. Multiple denominations are available for Pakistan Prize Bonds which range from Rupees 200 to Rupees 40,000. Pakistan Prize Bonds follows a specific series. It accounts quantity 1000,000 for a single series of Pakistan Prize Bonds. Four draws are held each year e.g. after 3 months interval and no fixed return is required to be paid by bearer of Pakistani Prize Bonds. A common draw method is employed a quantity of prizes remain same for a particular series of Pakistan Prize Bonds. For instance, fifty winners of 1st Prize and two hundred & fifty winners of 2nd prize will be denounced if there is a circulation of 50 series against Rupees 200 denomination of Pakistan Prize Bonds.
This scheme is the only legal resource for people of lower-middle classes to get financially stable with in no time by wining prize money levied on Pakistan Prize Bonds. But there are certain factors that put Pakistan Prize Bonds scheme out of lime light. For instance an increment of 8-50 basis points is imposed on Pakistani Savings Certificates which are Defense Saving Certificate (DSC), Behbood Saving Certificates (BSC), Regular Income Certificates (RIC), Special Saving Certificates Registered (SSC) but no heed is given in case of Pakistani Prize Bonds. But with passage of time, as people are getting aware day by day, the scheme of Paki Prize Bonds will achieve desired outcomes.
Prize details for Pakistan Prize Bonds Denominations are given below:
|
Denomination |
First Prize |
2nd Prize |
3rd Prize |
|
No. |
Amount |
No. |
Amount |
No. |
Amount |
|
Rs. 200/- |
01 |
Rs. 750,000
|
05 |
Rs. 250,000
|
2,394 |
Rs. 1,250
|
|
Rs. 750/- |
01 |
Rs. 1,500,000
|
03 |
Rs. 500,000
|
1,696 |
Rs. 9,300
|
|
Rs. 1,500/- |
01 |
Rs. 3,000,000
|
03 |
Rs. 1,000,000
|
1,696 |
Rs. 18,500
|
|
Rs. 7,500/- |
01 |
Rs. 15,000,000
|
03 |
Rs.5,000,000
|
1,696 |
Rs. 93,000
|
|
Rs. 15,000/- |
01 |
Rs. 30,000,000
|
03 |
Rs. 10,000,000
|
1,696 |
Rs. 185,000
|
|
Rs. 40,000/- |
01 |
Rs. 75,000,000
|
03 |
Rs. 25,000,000
|
1,696 |
Rs. 500,000
|
|
|
|