How to Buy and Sell Pakistan Prize Bonds: A Step-by-Step Guide

How to buy and sell prize bonds in Pakistan, include channel available, process for claiming prizes.

How to Buy and Sell Pakistan Prize Bonds: A Step-by-Step Guide Pakistan Prize Bonds are a popular investment option in the country, and buying and selling them is a straightforward process. In this article, we will provide a step-by-step guide on how to buy and sell Pakistan Prize Bonds. How to Buy Pakistan Prize Bonds Step 1: Choose the Type of Prize Bond Pakistan Prize Bonds come in various denominations ranging from Rs. 100 to Rs. 40,000. Choose the type of prize bond you wish to purchase based on your budget and investment goals. Step 2: Visit the National Savings Center The National Savings Center is the authorized dealer for Pakistan Prize Bonds. Visit the nearest center to purchase your prize bond. You can find the location of the nearest center on the National Savings website. Step 3: Fill out the Application Form Fill out the application form provided by the National Savings Center. Provide your personal details and the denomination of the prize bond you wish to purchase. Step 4: Submit the Application Form Submit the application form along with the payment for the prize bond. You can pay in cash, check or demand draft. Step 5: Receive the Prize Bond After your payment is processed, you will receive the prize bond. Keep it in a safe place until the next draw. How to Sell Pakistan Prize Bonds Step 1: Visit the National Savings Center Visit the National Savings Center where you originally purchased the prize bond. Step 2: Fill out the Application Form Fill out the application form to redeem your prize bond. Provide your personal details and the denomination of the prize bond you wish to redeem. Step 3: Submit the Application Form Submit the application form along with the prize bond. Step 4: Receive Payment After the verification process is complete, you will receive payment for your prize bond. The amount will be based on the prize bond denomination and the number of draws the bond has been a part of. Conclusion Buying and selling Pakistan Prize Bonds is a simple and straightforward process. Follow the step-by-step guide to purchase and sell the bonds with ease.