Frequently Asked Questions
Frequently Asked Questions
(Prize Bonds & Payment of Prize Money)
Ans: The prize on any prize winning Prize Bond can be claimed within six years reckoned from the date of that particular draw result. No claim, after the said period of six years is entertained.
Q.2. Do I need to become member to check prize bonds draw results online?
Ans. No, there is no need to become a member for online checking of prize bonds draw results. Simply select the denomination and enter your e-mail address or any friend or family member email address to perform online draw checking.
Q.3. Which prize bond is entitled to winning a prize?
Ans. All prize bonds issued at least 60 days prior to the draw date are entitled to winning a prize.
Q.4 Is there any deduction on encashment of prize bonds?
Ans: The prize bonds can be redeemed on the face value and there is no deduction whatsoever on the encashment of a prize bond itself irrespective of the amount involved.
Q.5 What is the procedure to claim a prize on a Prize Bond?
Ans: The prize money upto Rs.1,250/- can be claimed from any National Savings Centre, branches of authorized scheduled banks or branches of State Bank of Pakistan. Prize money exceeding Rs.1000/- can be claimed only from the branches of State Bank of Pakistan.
To claim the prize money, a duly filled application form (PB-1) along with a photo copy of the CNIC, a photo copy of the winning prize bond duly signed on the back is to be presented in the concerned office. However, the prize money is subject to 10% withholding tax.
Prize Bonds 200, 750, 1500, 7500, 15000 and 40000 are fully working and Search able. If you face any Trouble please infrom us further about this problem.