Business Desk 
Jul 25, 2024
In Pakistan, prize bonds are issued in six denominations: Rs 100, Rs 200, Rs 750, Rs 1,500, Rs 25,000, and Rs 40,000.
Draws for these prize bonds are conducted quarterly, with National Savings announcing the results.
Prize bond holders frequently inquire about the procedure for claiming their prize money. Gadinsider offers a step-by-step guide to help winners navigate the process of claiming their prize and how many days are required for the settlement of the prize money.
| Amount | Number of days |
| Up to Rs18,500/- | Direct Credit — T+1 Cash — same day |
| Up to Rs1,000,000/- | Five working days |
| Above Rs1,000,000/- | 15 working days |
Where can you encash prize bonds in Pakistan?
Prize bonds can be purchased/encashed from an State Bank of Pakistan - Banking Services Corporation (SBP-BSC) office, designated commercial bank branches, and National Saving Centres against application form with a copy of CNIC.
| Prize money | Claimable at | Claimable at | Claimable at |
| Up to Rs1,250/- | SBP-BSC Office | Commercial bank* | National Saving Centre |
| Up to Rs500,000/- | SBP-BSC Office | Commercial bank* | — |
| Above Rs500,000/- | SBP-BSC Office | — | — |
*Prize money submitted at commercial bank may be subject to two types of charges i.e. 1)Bank’s service charges and 2) CIT charges.
How to claim prize bond money?
Once you have checked the list and are sure that your bond number is matching then you need to fill in the claim form and submit it along with a copy of your CNIC to the State Bank of Pakistan.
It is important to note that the claim for the prize money be filled usually after three or four working days from the date of draw and the maximum period to avail the prize is six years from the date of draw.
