The investor gets a six monthly profit on investment at a rate notified by the Government of Pakistan upon completion of six month period either from the date of issue or date of last profit paid in addition to eligibility for prize money in quarterly draws, subject to compliance to shut period requirements.,
Offered by National Savings under the State Bank of Pakistan (SBP), prize bonds have been around for decades and are considered an incredibly safe form of investment. Essentially, it does very much work like buying a lottery ticket, except in case you don't win, you still don't lose any money.01-Aug-2021
Funds raised are used to offset government borrowing and are refundable to the bond owner on demand. Interest is returned to bond owners via prizes which are distributed by random selection of bonds. Prize Bonds are also offered in Pakistan, by the Ministry of Finance, and in the UK, under the name Premium Bonds.
Prize bonds can be purchased and encashed in any quantity at all field offices of SBP BSC (Bank), office of National Saving Centers, and designated branches of commercial banks.
From where can we purchase/encash Prize Bonds? Answer: Prize Bonds can be purchased/encashed from any SBP-BSC office, designated commercial bank branches and National Savings Centers against application form with copy of valid CNIC.