KARACHI – National Prize Bonds holders get relief in Pakistan as the central bank extended deadline for encashment to December 2024.
In a recent update shared by Finance Division, the extension for encashment, replacement, and conversion of National Prize Bonds in denominations of Rs40,000, Rs25,000, Rs15,000, and Rs7,500 has been increased to last month of this year.
The new deadline for these transactions is now set for December 31, 2024. The central bank, State Bank of Pakistan (SBP), shared circular to banks, stating that previous deadline of June 30, 2024, has been officially extended by the federal government.
In addition to deadline extension, the central bank further directed banks to submit consolidated data on the specified National Prize Bonds, categorized by branch and region, by January 2, 2025.
This requirement aligns with instructions outlined in CMD Circular No. 1, issued on April 30, 2021. Furthermore, State Bank mandated that all commercial banks surrender the specified prize bonds to their respective SBP Banking Services Corporation offices by January 31, 2025.
This extension aims to provide more flexibility for holders of National Prize Bonds, ensuring they have ample time to manage their investments.
Prize Bond Schedule 2024
| Draw # | Prize Bond | Date | City |
|---|---|---|---|
| #100 | 750 | 15 Oct, 24 | Faisalabad |
| #48 | 100 | 15 Nov, 24 | Multan |
| #100 | 1500 | 15 Nov, 24 | Rawalpindi |
| #16 | 25000 | 10 Dec, 24 | Quetta |
| #31 | 40000 | 10 Dec, 24 | Muzaffarabad |
| #100 | 200 | 16 Dec, 24 | Sialkot |
