Prize Bonds are lottery bonds, a non-interest-bearing security regulated by the central bank. These bonds are issued in proper series and the next draw is for Rs1500 Prize Bond.
Prize Bond draw is held quarterly, however no interest is given on these bonds. Every quarter the lucky winners are announced via SBP-led National Savings regulated lucky draws. By buying Prize bonds, people lend money out to the governments or in this case, the State Bank of Pakistan.
National Savings announces the schedule for prize draws, which usually take place every three months or so.
1500 Prize Bond Draw
This month, Balloting for Lucky Draw No. 97 of the Rs1500 prize bond draw will be held on 15th February 2024 (Thursday). The balloting will be held in Lahore city.
1500 Prize Bond Winning Amount
| 1500 Prize Bond List | Total number of Prize | Winning Amount | |
| Prize Bond RS. 1500/- | 01 | Rs.3,000,000 | 1st Prize |
| Prize Bond RS. 1500/- | 03 | Rs.1,000,000 | 2nd Prize |
| Prize Bond RS. 1500/- | 1696 | Rs.18,500 | 3rd Prize |
Last year, the government of Pakistan announced to launch ‘Digital Prize Bonds’ in the denomination of Rs1,000 with maximum prize money of Rs40lacs.
The maximum prize money for Rs500, Rs 5,000 and Rs10,000 will be Rs2 million, Rs20 million, and Rs40 million respectively.
