All you need to know about pakistan prize bonds ~ prize bond paisa

Prize bond is a bearer type of security available in series of Rs 200, 750, 1,500, 7,500, 15,000, 25,000 and 40,000

Prize bond is a bearer type of security available in series of Rs 200, Rs 750, Rs 1,500, Rs 7,500, Rs 15,000, Rs 25,000 and Rs 40,000. The objective of this scheme is to promote saving among people. Prize bonds shall be redeemed after 100 years. Each denominations of draw one by one will be held after 15 days. some time 2 draws result can be show on one day The main features of prize bonds are : 1. Prize bonds are bearer type of security without any registration or deposit requirements and any other charges . 2. Public can buy prize bond Rs 100, 200, 750, 1500 from national saving of Pakistan without any registration but 25000 premium and 40000 premium prize bond can be buy through national saving bank of Pakistan through registration of prize bond own name 3. Prize bonds can be bought in series and random. A series consist of 100 prize bond each book. 4. Prize bond prize can be valid for 6 year. you can claim your prize bond from national saving bank and state bank of Pakistan 5. Every prize bond have different prize money and when you claim you prize, government cut tax from filer 15% and from Non filer 30% of prize money 6 Prize bond sale and purchase amount are same, no extra money charge on any prize bond