Prize Bond number are security issued by State Bank of Pakistan on behalf & guarantor of government of Pakistan. These bonds can bear prize money for every rupee invested in form of Bond in different prize categories and also carry annual return as given below. Prize bond are bearer type of security without any fixed return date. The investor may redeem his prize bonds at any time he desires from the issuing authority. The prize awarded under these bonds is subject to deduction of tax. The prize bonds are not bearer type of security and the name and address of the winner is published in leading newspaper by the issuing authority. Prize bond is a type of bond, which the Pakistani government, through State Bank of Pakistan, issues. This prize bond can be form in any national bank of Pakistan. Prize bond was first introduced in the year 1986. Usually prize bonds are valid for one year. Prize bond is one of the most popular investment scheme in the country because it offers very high interest rates to the investors and help them save their money. Prize bond is so much popular that people of Pakistan have trust on this scheme and they use it as a saving plan. Prize bond has lots of plus point and you can also get tax benefit from prize bonds. To know more about prize bond, please visit prize bonds website. We need to take advantage of this opportunity and try to earn maximum prize bonds because these prize bonds will help us to get rid from economic crisis and recover from the financial fall, which is currently we are in. 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. The last draw will be held on December, 31st 2113. 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. Prize bonds can be bought only in series. A series consist of one less than the multiple of Rs 200, Rs 750, Rs 1,500, Rs 5,000, Rs 7500 and Rs 15000. For example; a prize bond of rupees 200 can be purchased in the denomination of rupees 199 (1 rupee less than the series) but not in any other denomination like rupees 198.Prize bond are bearer type of security without any fixed return date. The investor may redeem his prize bonds at any time he desires from the issuing authority.
