KARACHI: June 2, 2023: The government has given another opportunity to the public to get the withdrawn prize bonds
of Rs.7500, 15,000, 25,000 and Rs. 40,000 redeemed/encashed by June 30, 2023. Earlier, the
government had fixed deadline of June 30, 2022, for redemption/encashment of these prize bonds,
however, considering that some of the prize bond holders could not get their bonds redeemed a final
opportunity has been given for encashment of prize bonds till 30th June 2023.
The State Bank of Pakistan (SBP) announced on June 1, that the investors of
aforesaid prize bonds have following options of encashment or exchange.
a. Encashment at Face Value
b. Conversion to Premium Prize Bonds of Rs. 25,000 and/or Rs. 40,000 (Registered)
c. Replacement with Special Savings Certificates (SSC) or Defense Savings Certificates (DSC)
The prize bonds can be redeemed from SBP Banking Services Corporation office and branches of
commercial banks across the country till 30th June 2023. The SBP has issued necessary instructions to
commercial banks to accept requests from general public for encashment or exchange of the prize
bonds till the extended date.
The general public holding these bonds is encouraged to avail this final opportunity and get their
holdings redeemed before 30th June 2023. These prize bonds shall not be en-cashable or exchangeable
after the expiry of the extended deadline, thereby rendering them worthless.
