prize bond schedule 2023

A prize bond is a financial instrument issued by the government of Pakistan, which offers a unique way of investing in the country. Unlike other financial instruments, prize bonds do not offer any interest or profit on investment. Instead, they offer the chance to win cash prizes in a lucky draw, which takes place after every three months. This article will discuss the prize bond schedule and how it works.

What is a Prize Bond?

A prize bond is a type of security issued by Pakistan's government. It is a bearer instrument, meaning whoever holds the bond is entitled to the prize money. The prize bond scheme was introduced in Pakistan in 1960 to encourage people to invest. The prize bond is available in denominations of Rs. 100, Rs. 200, Rs. 750, Rs. 1,500, Rs. 7,500, Rs. 15,000, Rs. 25,000, and Rs. 40,000.

How Does the Prize Bond Scheme Work?

The prize bond scheme is based on the concept of a lucky draw. The government of Pakistan holds a lucky draw after every three months, in which the prize money is awarded to the lucky winners. The prize money is tax-free, and the winner can claim it anytime. The prize bond holder has to wait for the lucky draw to know whether he/she has won any prize money. If the prize bond number matches any numbers in the lucky draw, the holder is entitled to the prize money.

Prize Bond Schedule 2023:

The prize bond schedule lists lucky draw dates for each prize bond denomination. The government of Pakistan releases the schedule every year, and it is available on the official website of the National Savings of Pakistan. The schedule includes the lucky draw dates for each denomination, the city where the draw will occur, and the number of prizes for each denomination. The schedule also includes the last date to claim the prize money for each lucky draw.

The prize bond schedule for 2021-22 is as follows:

Denomination: Rs. 100 Draw Date: January 15, April 15, July 15, October 15 City: Karachi Number of Prizes: 1,199 Last Date to Claim Prize Money: April 30, July 31, October 31, January 31

Denomination: Rs. 200 Draw Date: February 15, May 15, August 16, November 15 City: Muzaffarabad Number of Prizes: 2,399 Last Date to Claim Prize Money: May 31, August 31, November 28, February 28

Denomination: Rs. 750 Draw Date: January 15, April 15, July 15, October 15 City: Hyderabad Number of Prizes: 1,696 Last Date to Claim Prize Money: April 30, July 31, October 31, January 31

Denomination: Rs. 1,500 Draw Date: February 15, May 17, August 16, November 15 City: Quetta Number of Prizes: 3,000 Last Date to Claim Prize Money: May 31, August 31, November 30, February 28

Denomination: Rs. 7,500 Draw Date: February 1, May 2, August 2, November 1 City: Lahore Number of Prizes: 1,696 Last Date to Claim Prize Money: May 31, August 31, November 30, February 28

Prize Bond:

A prize bond schedule is a list that outlines the dates and prize amounts for upcoming prize bond draw. Prize bonds are an investment instrument issued by the government in which holders of prize bonds can win cash prizes through regular draws. The schedule usually contains information such as the dates and locations of the draws, the prize amounts for each draw, and the deadline for purchasing bonds for each draw. It's important to check the schedule regularly to stay up-to-date on upcoming prize bond draws and ensure you take advantage of all chances to win a prize.