What are general objections raised on prize money claim?

Prize bonds are a government-backed investment plan in Pakistan that provides the opportunity to win substantial cash prizes. They are a popular choice for investors looking for a low-risk, high-reward opportunity.

The prize bonds are bearer instruments, as they do not carry the holder’s name, assuring anonymity. Meanwhile, these are issued by the Central Directorate of National Savings (CDNS) and come in different denominations, including Rs100, 200, 750, 1500, 25000, and 40000.

If you own a prize bond and are concerned about the general objections raised on the prize money claim in Pakistan then Gadinsider has got you covered.

Read more: What is the time period to claim prize bond award money?

General objections raised on prize money claim

We have compiled a lineup of objections raised while collecting prize money.

• Missing signatures (on the reverse side of the original bond, photocopy, and claim form)
• Invalid bond
• Incorrect photocopy (should be same as an original bond)
• Incorrect account title
• Incorrect IBAN
• Islamic bank account

It is important to note that you carry the correct documents to avoid any objections and can easily claim prize money.