What's the last date for encashment of prize bonds worth Rs75,000, Rs40,000, Rs25000 and Rs15,000?

KARACHI - The Federal Government has given another opportunity to the public to get the withdrawn prize bonds of Rs.7500, 15,000, 25,000 and Rs. 40,000 redeemed/encashed.

What is the last date for prize bond encashment?

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.

Now, the prize bonds can be redeemed from SBP Banking Services Corporation office and branches of commercial banks across the country till 30th June 2023.

Options of encashment?

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 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