Prize bond rs 750/-

Prize Bonds Rs. 1500/-

Prize Bonds Rs. 1500/- are a popular investment option in Pakistan, combining the security of a government-backed instrument with the thrill of potential cash prizes. They are bearer instruments, meaning ownership transfers with possession, and are issued by the Government of Pakistan. Managed by National Savings and regulated by the State Bank of Pakistan, these bonds have been a trusted savings tool since their introduction in 1960.

Draw Schedule and Recent Results

The draws for Prize Bonds Rs. 1500/- happen quarterly on February 15, May 15, August 15, and November 15. The most recent draw, held on February 17, 2025, in Multan, saw the first prize of Rs. 3,000,000 awarded to bond number 402432. You can check results on the National Savings website national savings or through their mobile apps.

Benefits and Participation

These bonds offer several advantages:

  • Low Risk: The principal amount is always refundable, making it a secure choice.
  • Accessibility: At Rs. 1500, they’re affordable for many, especially low-income investors.
  • Liquidity: You can sell or redeem them easily at face value anytime.

However, note that winnings are subject to tax: 15% for tax filers and 30% for non-filers, contrary to some claims of being tax-free. To participate, buy bonds from National Savings Centers, State Bank branches, or authorized commercial banks before the draw date. To claim prizes, present the winning bond and a valid ID at a National Savings Center within six years from the draw date.

Understanding Prize Bonds Rs. 1500/-

Prize Bonds Rs. 1500/- are bearer instruments issued by the Government of Pakistan, offering cash prizes through quarterly draws without earning interest. They were first introduced in October 1960, with the Rs. 1500 denomination being one of the popular choices due to its balance of affordability and prize potential. The bonds are regulated by the National Savings Centre and the State Bank of Pakistan, ensuring transparency and security.

Draw Schedule and Recent Results

Draws for Prize Bonds Rs. 1500/- are held quarterly, typically on February 15, May 15, August 15, and November 15, in major cities across Pakistan. The most recent draw, number 101, occurred on February 17, 2025, in Multan, with the first prize of Rs. 3,000,000 awarded to bond number 402432. Second prizes of Rs. 1,000,000 each went to bond numbers 543452, 764165, and 814653, while 1,696 winners received Rs. 18,500 each for third prizes.

To stay updated, you can check results on the National Savings website national savings or use mobile apps provided by authorized platforms. This accessibility ensures that even those without technical expertise can verify their winnings easily.

Benefits of Investing in Prize Bonds Rs. 1500/-

Investing in Prize Bonds Rs. 1500/- offers several advantages, making them a favorite among Pakistani investors:

  • Tax Implications: Contrary to some claims, winnings are not tax-free. The tax rate is 15% for filers and 30% for non-filers, as per recent government policy. However, the principal amount refunded is exempt from tax, providing some financial relief.
  • Low Risk: The principal amount is always refundable, ensuring that investors do not lose their initial investment. This feature, combined with the government backing, makes it a low-risk option compared to other investments.
  • Accessibility: With a denomination of Rs. 1500, these bonds are affordable for low-income investors, offering an entry point into the financial market without significant capital.
  • Liquidity: Bonds can be sold back to banks for their original price at any time, providing flexibility for investors needing quick access to funds.

How to Purchase and Participate

Participating in Prize Bonds Rs. 1500/- is straightforward:

  • Purchase Process: You can buy these bonds from National Savings Centers, State Bank of Pakistan branches, or authorized commercial banks. Ensure you have a valid CNIC or Nadra-issued card for purchase.
  • Draw Participation: To be eligible for a draw, ensure the bond is purchased before the draw date. Bonds purchased after the draw are valid for subsequent draws, as there is no expiry date.
  • Claiming Prizes: If you win, present the winning bond and a valid ID at any National Savings Center or State Bank branch within six years from the draw date to claim your prize. The process is simple, and prizes are paid out promptly, subject to tax deductions.

Tax Implications of Prize Bond Winnings

Understanding tax obligations is crucial for winners. As of 2025, the tax rate on prize money is 15% for those on the Active Taxpayers List (filers) and 30% for non-filers, as outlined by the Federal Board of Revenue (FBR). This rate applies at the time of payment, ensuring compliance with tax laws. Importantly, the principal amount refunded is not subject to any tax, preserving the initial investment value.