prize bond

How can you Encash Prize Bond from the State Bank of Pakistan?
Have you been looking ahead for the process with which you can easily encash the prize bond?
If yes, then this is the right platform for you to check out with some necessary information which
you will find so much information.
What is the main purpose of the Prize Bonds scheme?
As we talk about the prize bond, then basically it is the form of a government scheme which is
all encouraged for the sake of public investment. It is all about the medium in which you can
borrow some money for the government. Hence the prize bond is divided into different
denominations which are around 8 in total.
They are normally categorized as Rs 200, Rs 100, Rs 7500, Rs 1500, Rs 15000, Rs 40000, and
Rs 25000. Every year around almost 32 draws are arranged which are performed under the
supervision of the State Bank Department.
How can you easily encash your Prize Bonds?
Now the main question which probably hit so many minds is that how you can easily encash
your prize bond! Well, you can easily encash it by getting in touch with the field offices of State
Bank or even out from the National Savings centres as well as designated branches of the
commercial banks. You do have the complete freedom to encash the prize bond any whatsoever
time you like to.
What is the Face Value of your prize Bond?
It is just the range of authorized dealers who will be deciding then face value of your prize bond.
It would be repayable over any time until and unless your prize bond denomination is not
cancelled by the federal government or the State Bank of Pakistan.
You cannot make the payment or refund your prize bond if in case it hence deliberately cut out
or it has been forged or tampered. There is no such sort of deduction which can go against with
the face value with your defective prize bond
The process to Encash Prize Bonds from State Bank of Pakistan
1. First of all, you have to visit the nearest sector of the State Bank of Pakistan Banking Services
Corporation in the field office.
2. You have to submit the original document of your prize bond over the counter of the SBP-
BSC office.
3. Once it has been verified, you will be given away the face value of your prize bond without
any deduction.

How can you Claim Prize Money?
Now let’s discuss the steps to know about how you can claim your prize money:
· Visit to all visit SBP-BSC field office.
· Now you have to claim the form by visiting the help desk. You can get the claim way free of
cost.
· Fill your claim form carefully as the incomplete form will not be entertained.
· You have to attach a copy of your valid CNIC along with the winning bond duly signed and the
photocopy of your prize-winning bond that needs to be approved by the applicant who is at the
counter.
Conclusion
This was the overall detail about how you can easily encash your prize bond money from State
Bank! Follow the guidelines carefully and get a chance to hold the wining amount of your bond
in your hand. Stay tuned with us for more latest updates about the prize bond schedule and guess
paper list!