Prize bonds are administered by National Savings under the State Bank of Pakistan (SBP) and are touted as safe investment and some selected bonds within the issue are redeemed at a higher value than the face value.
National Savings and Central Bank conduct regular lucky draws, giving away hefty prizes to bondholders. Government used these funds to raise funds, but for investors, it’s a secure way to preserve the value of their money.
The withdrawn National Prize Bonds (Bearer) can be encashed at any branch of the Commercial Bank in which the bondholder maintains an “individual” account.
Pakistan Prize Bond Schedule starts from 01 January, 2023 till 15 December, 2023.
Following is the 2023 schedule for the prize bonds.
| PRIZE BOND | DRAW DATE | DAY | CITY |
| Rs.750/- | January 16, 2023 | Monday | Karachi |
| Rs.1500/- | February 15, 2023 | Wednesday | Quetta |
| Rs.100/- | February 15, 2023 | Wednesday | Rawalpindi |
| Rs.200/- | March 15, 2023 | Wednesday | Faisalabad |
| Rs.750/- | April 17, 2023 | Monday | Peshawar |
| Rs.1500/- | May 15, 2023 | Monday | Lahore |
| Rs.100/- | May 15, 2023 | Monday | Multan |
| Rs.200/- | June 15, 2023 | Thursday | Quetta |
| Rs.750/- | July 17, 2023 | Monday | Rawalpindi |
| Rs.1500/- | August 15, 2023 | Tuesday | Peshawar |
| Rs.100/- | August 15, 2023 | Tuesday | Karachi |
| Rs.200/- | September 15, 2023 | Friday | Hyderabad |
| Rs.750/- | October 16, 2023 | Monday | Muzaffarabad |
| Rs.1500/- | November 15, 2023 | Wednesday | Faisalabad |
| Rs.100/- | November 15, 2023 | Wednesday | Lahore |
| Rs.200/- | December 15, 2023 | Friday | Multan |
