Prize Bond - The information you want to get

Who doesn't want to make more money these days? Hardly anyone! In the modern age, every human being finds a short way to earn money to keep pace with the times - every effort is made in the race to get ahead of each other - there are countless ways to become rich overnight but the prize Bonds are considered a legal way to get rich quick. The purpose of this article is to provide readers with important information about prize bonds.

Prize Bond - An Introduction: A Prize Bond is a security certificate issued by the Government of Pakistan in the value of Rs. 100, Rs. 200, Rs. 750, Rs. 15,000, Rs. 25,000 and Rs. 40,000. These bonds are published in the series - each person can buy a prize bond according to his pocket - those who have more savings buy a higher value bond and those who have less have a lower value - each prize bond raffle. It is held at three-month intervals but has no specific rate - the draw is held in a special order and the number of prizes for each series is fixed - for example if Rs. There will be 50 winners for the first prize and 250 winners for the second prize in each draw.

Which prize bond is not acceptable? According to the notification of the federal government, the prize bonds worth Rs. 1500 which are from serial number AW-070001 to AW-090000. Bonds have been canceled with effect from 19th May, 2014- (Ref: F.16 (3) GS-I / 2004/678 Dated 19th May, 2014.) How to get prize bond prize money: Up to Rs. In case of winning the prize money, any branch of National Savings Center, SBP or branches of approved commercial banks can be contacted. The prize money which is more than Rs. Can go- Application Form N (PB-1) must be completed in order to receive the prize money on the prize bond. A copy of the identity card along with this form and the signed copy of the winning prize bond must be submitted to the relevant office.

How long can the prize money be received? Prize money on any winning prize bond can be earned for a period of 6 years from the date of results. No claim of winning prize money after 6 years will be accepted. Holding tax applicable on prize money : All prizes won on or after July 1, 2013 will be subject to 15% holding tax - Click on the following link to find out more about the prize bond:

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