Govt imposes ban on new sale of Rs25,000 prize bonds

ISLAMABAD (92 News) - The government has imposed ban on the new sale of Rs25,000 prize bonds with immediate effect.

According to the details garnered, the government discontinued the Rs25,000 denomination prize bonds.

It will no longer issue these bonds while those in possession can be cashed or replaced with other bonds by May 31, 2021. People who have these Rs25,000 bonds can cash it or convert them to premium prize bonds of the same denomination by the given deadline.

Alternatively, they can get them replaced with Special Savings Certificates or Defense Savings Certificates.

If your prize bond has won the draw, you can obtain the prize money by submitting the prize bond to the SBP along with a copy of your identity card.