How to Claim Prize Bond? A Step by Step Guide 2021.

Prize Bonds: A short introduction about Prize Bonds. Prize Bonds are a lottery scheme initiated back in 1960 by the Government of Pakistan. This scheme helps the government get money from the public at low prices and invest this money in different projects; after this Government quarterly declared lucky draws in different major cities and gave money to the winners chosen from the public in the shape of a cash reward.

NOTE: These lucky draws are declared randomly, and all winners choose by a lucky draw system. after the systems draw, officials announce the list of winners.

Are You a Prize Bond Winner?

If you are a prize bond lucky winner and want to claim your reward, you definitely must follow these steps and read the instructions carefully. This would help you a lot to claim your cash reward without facing any problem.

Required documents to claim Prize Bond

You have to need these documents to claim your prize bond reward from the State Bank Of Pakistan.

  • Valid CNIC Photocopy (with Duly Signed)
  • Claim Form
  • Your Original Prize Bond (with Duly Signed)

How to Get these Documents?

To claim Prize Bond Money, you have to visit nearly the SBP-BSC field office.

Get the claim Form PB-23-C from the office help desk. Then, Get Here (if not working, reach us through the contact page). This Form-PB-23-C and your Valid CNIC Photocopy are the required documents.

After Downloading this form, Fill this form carefully and provide all required information to the office.

Submit your form along with your Valid CNIC photocopy and your prize bond with your original duly signs similar to your CNIC. Then, submit to the counter person for further procedure.

Check Prize bond Schedule 2021

Before this, also check the prize bond schedule. Remember the number of days given below of procedure.

  • Up to Rs.18,500/- Same day
  • Up to Rs.500,000/- 20 working days
  • Above Rs.500,000/- 30 working days

Besides, If the prize money is larger than Rs. 18,500, then the claimant will get a voucher from the bank, which designates a date for receiving the payment order. Then, on the expected date, you have to go to the State Bank of Pakistan field office again and give the claim voucher to the table. After that, the payment will be transferred into your local bank account.

Note: From the date of draw Prize Bond Prize will be available for the next Six Years.

The prize money is up to Rs. 1,250/- can be claimed from any National Savings Pakistan Centers, branches of authorized local banks near you. Prize money passing Rs. 1,250/- can be collected only from the state bank Pakistan branches.

People Also Ask for Claiming Prize Bond Reward

Are there any charges for the prize money claim form?

No claim form name Form P-23-C is totally free of cost. You don’t have to pay for it. You can get it from here.

Up to what period can prize money be claimed?

From the date of the draw Prize, Bond Prize will be available for the next Six Years. Therefore, you can claim it anytime within these six years from the draw date.

Whether Can one attend the draw ceremony?

Yes, if the draw ceremony is near you? You can attend this ceremony along with your Original CNIC.

Can prize bonds be encashed any time after their purchase?

Yes Offcourse if you did, not want to participate more, you can encash this bond any time from any National saving center near your or from any authorized local bank.

From where can I get the draw schedule?

On various blogs and sites, you didn’t have to go anywhere. Click Here to prize bonds the schedule.

Is there any limit on the purchase of Prize Bonds?

No there is no limit regarding purchasing prize bonds. you can purchase as much as you want.

How do you receive money from prize bonds?

If you are a prize bond lucky winner and want to claim your reward, you definitely must follow these steps and read the instructions carefully. This would help you a lot to claim your cash reward without facing any problem.

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