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Each Prize Bond purchased is allocated a bond number. Your investment holds its original value and instead of earning interest on your savings, Prize Bonds are entered into a weekly draw with a chance to win cash prizes.
All Prize Bond winners are notified by post. If you require further information about your winning Prize Bonds please contact us (see page 6 for contact details). With effect from February 2020, prize payment by cheque ceased. Prizes will be automatically reinvested into new Prize Bonds.
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.
Prize bonds can be purchased and encashed in any quantity at all field offices of SBP BSC (Bank), office of National Saving Centres, head post offices and designated branches of commercial banks.
How Can I Claim Prize Bond Prize. To claim the prize money on winning prize bond list, the owner has to fill the form and submit the following along with photocopy of valid CNIC, Original winning prize bond duly signed by applicant. Photo copy of the prize winning bond duly signed by the applicant.